This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $119k initial cash invested.
-5.11%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$4,242
Rent
-$505
Cashflow
Cash Flow
$4,242 income − $4,747 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,740
Closing costs
1%
$4,787
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,242
Total Expenses
$4,747
Mortgage P&I
61%
$2,590
Property Taxes
13%
$542
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467