This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $119k initial cash invested.
-4.4%
Cash On Cash
6.07%
Cap Rate
0.9
DSCR
$4,509
Rent
-$437
Cashflow
Cash Flow
$4,509 income − $4,946 expenses = $437 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%
$96,240
Closing costs
1%
$4,812
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,509
Total Expenses
$4,946
Mortgage P&I
60%
$2,691
Property Taxes
12%
$550
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$541
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$496