This property looks like a bad Mid-Term investment with a projected -10.73% first-year return on $119k initial cash invested.
-10.73%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$3,762
Rent
-$1,060
Cashflow
Cash Flow
$3,762 income − $4,822 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,762
Total Expenses
$4,822
Mortgage P&I
71%
$2,660
Property Taxes
17%
$641
Home Insurance
4%
$168
HOA
2%
$75
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414