This property looks like a bad Mid-Term investment with a projected -7.65% first-year return on $119k initial cash invested.
-7.65%
Cash On Cash
4.78%
Cap Rate
0.75
DSCR
$3,357
Rent
-$757
Cashflow
Cash Flow
$3,357 income − $4,114 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,357
Total Expenses
$4,114
Mortgage P&I
75%
$2,533
Property Taxes
8%
$272
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369