This property looks like a bad Mid-Term investment with a projected -0.98% first-year return on $119k initial cash invested.
-0.98%
Cash On Cash
6.82%
Cap Rate
1.04
DSCR
$4,826
Rent
-$97
Cashflow
Cash Flow
$4,826 income − $4,923 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,826
Total Expenses
$4,923
Mortgage P&I
54%
$2,625
Property Taxes
10%
$489
Home Insurance
3%
$168
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531