This property looks like a bad Mid-Term investment with a projected -0.93% first-year return on $119k initial cash invested.
-0.93%
Cash On Cash
6.65%
Cap Rate
1.04
DSCR
$4,934
Rent
-$92
Cashflow
Cash Flow
$4,934 income − $5,026 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,840
Closing costs
1%
$4,792
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,934
Total Expenses
$5,026
Mortgage P&I
52%
$2,549
Property Taxes
8%
$415
Home Insurance
4%
$186
HOA
4%
$199
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543