This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $119k initial cash invested.
-2.7%
Cash On Cash
6.01%
Cap Rate
0.97
DSCR
$4,564
Rent
-$267
Cashflow
Cash Flow
$4,564 income − $4,831 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,564
Total Expenses
$4,831
Mortgage P&I
54%
$2,481
Property Taxes
14%
$629
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502