This property looks like a bad Mid-Term investment with a projected -11.96% first-year return on $119k initial cash invested.
-11.96%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$2,804
Rent
-$1,184
Cashflow
Cash Flow
$2,804 income − $3,988 expenses = $1,184 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,804
Total Expenses
$3,988
Mortgage P&I
96%
$2,678
Property Taxes
7%
$183
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308