This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $119k initial cash invested.
-7.57%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$4,114
Rent
-$752
Cashflow
Cash Flow
$4,114 income − $4,866 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,360
Closing costs
1%
$4,818
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,114
Total Expenses
$4,866
Mortgage P&I
62%
$2,555
Property Taxes
17%
$719
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$123
Maintenance
4%
$165
Other
11%
$453