This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $119k initial cash invested.
-0.8%
Cash On Cash
6.4%
Cap Rate
1.05
DSCR
$4,812
Rent
-$79
Cashflow
Cash Flow
$4,812 income − $4,891 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,920
Closing costs
1%
$4,796
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,812
Total Expenses
$4,891
Mortgage P&I
51%
$2,446
Property Taxes
13%
$645
Home Insurance
3%
$166
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529