This property looks like a bad Mid-Term investment with a projected -11.23% first-year return on $119k initial cash invested.
-11.23%
Cash On Cash
4.02%
Cap Rate
0.62
DSCR
$3,572
Rent
-$1,110
Cashflow
Cash Flow
$3,572 income − $4,682 expenses = $1,110 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,572
Total Expenses
$4,682
Mortgage P&I
72%
$2,573
Property Taxes
18%
$631
Home Insurance
5%
$168
HOA
3%
$95
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393