This property looks like a bad Mid-Term investment with a projected -8.3% first-year return on $119k initial cash invested.
-8.3%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$3,490
Rent
-$823
Cashflow
Cash Flow
$3,490 income − $4,313 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,220
Closing costs
1%
$4,811
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,490
Total Expenses
$4,313
Mortgage P&I
74%
$2,573
Property Taxes
11%
$379
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384