This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $119k initial cash invested.
-7.33%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$3,470
Rent
-$729
Cashflow
Cash Flow
$3,470 income − $4,199 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,540
Closing costs
1%
$4,827
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,470
Total Expenses
$4,199
Mortgage P&I
75%
$2,588
Property Taxes
7%
$258
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382