This property looks like a bad Mid-Term investment with a projected -1.64% first-year return on $119k initial cash invested.
-1.64%
Cash On Cash
6.14%
Cap Rate
1.01
DSCR
$4,546
Rent
-$163
Cashflow
Cash Flow
$4,546 income − $4,709 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,180
Closing costs
1%
$4,809
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,546
Total Expenses
$4,709
Mortgage P&I
54%
$2,441
Property Taxes
11%
$486
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500