This property looks like a bad Mid-Term investment with a projected -3.65% first-year return on $119k initial cash invested.
-3.65%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$4,004
Rent
-$361
Cashflow
Cash Flow
$4,004 income − $4,365 expenses = $361 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
$4,004
Total Expenses
$4,365
Mortgage P&I
65%
$2,614
Property Taxes
6%
$223
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440