This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $119k initial cash invested.
-5.31%
Cash On Cash
5.72%
Cap Rate
0.88
DSCR
$5,082
Rent
-$528
Cashflow
Cash Flow
$5,082 income − $5,610 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,480
Closing costs
1%
$4,824
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,082
Total Expenses
$5,610
Mortgage P&I
52%
$2,623
Property Taxes
21%
$1,064
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559