This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $119k initial cash invested.
-4.57%
Cash On Cash
5.82%
Cap Rate
0.89
DSCR
$3,891
Rent
-$452
Cashflow
Cash Flow
$3,891 income − $4,343 expenses = $452 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%
$95,780
Closing costs
1%
$4,789
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,891
Total Expenses
$4,343
Mortgage P&I
67%
$2,618
Property Taxes
5%
$178
Home Insurance
4%
$171
HOA
1%
$52
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428