This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $119k initial cash invested.
-3.53%
Cash On Cash
5.58%
Cap Rate
0.92
DSCR
$3,886
Rent
-$349
Cashflow
Cash Flow
$3,886 income − $4,235 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,886
Total Expenses
$4,235
Mortgage P&I
62%
$2,426
Property Taxes
8%
$321
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427