This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $119k initial cash invested.
-1.24%
Cash On Cash
6.76%
Cap Rate
1.03
DSCR
$4,872
Rent
-$123
Cashflow
Cash Flow
$4,872 income − $4,995 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,960
Closing costs
1%
$4,798
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,872
Total Expenses
$4,995
Mortgage P&I
54%
$2,629
Property Taxes
11%
$535
Home Insurance
4%
$174
HOA
0%
$0
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536