This property looks like a bad Mid-Term investment with a projected -8.41% first-year return on $119k initial cash invested.
-8.41%
Cash On Cash
4.75%
Cap Rate
0.73
DSCR
$3,606
Rent
-$836
Cashflow
Cash Flow
$3,606 income − $4,442 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,400
Closing costs
1%
$4,820
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,606
Total Expenses
$4,442
Mortgage P&I
72%
$2,600
Property Taxes
12%
$441
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397