This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $119k initial cash invested.
-4.82%
Cash On Cash
5.67%
Cap Rate
0.88
DSCR
$3,944
Rent
-$480
Cashflow
Cash Flow
$3,944 income − $4,424 expenses = $480 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%
$96,620
Closing costs
1%
$4,831
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,944
Total Expenses
$4,424
Mortgage P&I
66%
$2,603
Property Taxes
8%
$307
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434