This property looks like a bad Mid-Term investment with a projected -6.84% first-year return on $119k initial cash invested.
-6.84%
Cash On Cash
5.17%
Cap Rate
0.8
DSCR
$3,770
Rent
-$677
Cashflow
Cash Flow
$3,770 income − $4,447 expenses = $677 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%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,770
Total Expenses
$4,447
Mortgage P&I
69%
$2,592
Property Taxes
11%
$405
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415