This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $119k initial cash invested.
-6.86%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$3,711
Rent
-$680
Cashflow
Cash Flow
$3,711 income − $4,391 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,711
Total Expenses
$4,391
Mortgage P&I
70%
$2,592
Property Taxes
10%
$364
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408