This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $119k initial cash invested.
-8.25%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$3,614
Rent
-$817
Cashflow
Cash Flow
$3,614 income − $4,431 expenses = $817 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,614
Total Expenses
$4,431
Mortgage P&I
72%
$2,593
Property Taxes
12%
$440
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398