This property looks like a bad Mid-Term investment with a projected -1.91% first-year return on $119k initial cash invested.
-1.91%
Cash On Cash
6.18%
Cap Rate
0.99
DSCR
$4,336
Rent
-$189
Cashflow
Cash Flow
$4,336 income − $4,525 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,140
Closing costs
1%
$4,807
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,336
Total Expenses
$4,525
Mortgage P&I
57%
$2,492
Property Taxes
9%
$392
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477