This property looks like a bad Mid-Term investment with a projected -16.13% first-year return on $119k initial cash invested.
-16.13%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$2,666
Rent
-$1,599
Cashflow
Cash Flow
$2,666 income − $4,265 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,180
Closing costs
1%
$4,809
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$4,265
Mortgage P&I
101%
$2,689
Property Taxes
19%
$494
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293