This property looks like a bad Mid-Term investment with a projected -3.64% first-year return on $119k initial cash invested.
-3.64%
Cash On Cash
5.8%
Cap Rate
0.92
DSCR
$4,154
Rent
-$360
Cashflow
Cash Flow
$4,154 income − $4,514 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,154
Total Expenses
$4,514
Mortgage P&I
61%
$2,513
Property Taxes
10%
$421
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457