This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $119k initial cash invested.
-3.83%
Cash On Cash
5.93%
Cap Rate
0.92
DSCR
$4,188
Rent
-$379
Cashflow
Cash Flow
$4,188 income − $4,567 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,999
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,188
Total Expenses
$4,567
Mortgage P&I
62%
$2,584
Property Taxes
7%
$304
Home Insurance
4%
$168
HOA
2%
$85
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461