This property looks like a bad Mid-Term investment with a projected -14.74% first-year return on $119k initial cash invested.
-14.74%
Cash On Cash
2.56%
Cap Rate
0.42
DSCR
$1,752
Rent
-$1,459
Cashflow
Cash Flow
$1,752 income − $3,211 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,752
Total Expenses
$3,211
Mortgage P&I
138%
$2,413
Property Taxes
2%
$34
Home Insurance
10%
$168
HOA
0%
$0
Property Management
12%
$210
CapEx
4%
$70
Vacancy
3%
$53
Maintenance
4%
$70
Other
11%
$193