This property looks like a bad Mid-Term investment with a projected -5.26% first-year return on $119k initial cash invested.
-5.26%
Cash On Cash
5.69%
Cap Rate
0.87
DSCR
$4,635
Rent
-$524
Cashflow
Cash Flow
$4,635 income − $5,159 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,640
Closing costs
1%
$4,832
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,635
Total Expenses
$5,159
Mortgage P&I
57%
$2,630
Property Taxes
15%
$717
Home Insurance
4%
$174
HOA
1%
$63
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510