This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $119k initial cash invested.
-7.91%
Cash On Cash
5.04%
Cap Rate
0.76
DSCR
$3,802
Rent
-$782
Cashflow
Cash Flow
$3,802 income − $4,584 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,800
Closing costs
1%
$4,790
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,802
Total Expenses
$4,584
Mortgage P&I
69%
$2,640
Property Taxes
12%
$467
Home Insurance
4%
$168
HOA
0%
$17
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418