This property looks like a bad Mid-Term investment with a projected -11.52% first-year return on $119k initial cash invested.
-11.52%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$3,118
Rent
-$1,147
Cashflow
Cash Flow
$3,118 income − $4,265 expenses = $1,147 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,640
Closing costs
1%
$4,832
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,118
Total Expenses
$4,265
Mortgage P&I
86%
$2,667
Property Taxes
12%
$362
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343