This property looks like a bad Mid-Term investment with a projected -1.83% first-year return on $119k initial cash invested.
-1.83%
Cash On Cash
6.48%
Cap Rate
1
DSCR
$4,580
Rent
-$181
Cashflow
Cash Flow
$4,580 income − $4,761 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,060
Closing costs
1%
$4,803
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,580
Total Expenses
$4,761
Mortgage P&I
57%
$2,590
Property Taxes
10%
$450
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504