This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $119k initial cash invested.
-3.26%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$3,930
Rent
-$323
Cashflow
Cash Flow
$3,930 income − $4,253 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,930
Total Expenses
$4,253
Mortgage P&I
67%
$2,619
Property Taxes
3%
$130
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432