This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $119k initial cash invested.
-6.24%
Cash On Cash
5.34%
Cap Rate
0.83
DSCR
$4,233
Rent
-$617
Cashflow
Cash Flow
$4,233 income − $4,850 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,780
Closing costs
1%
$4,789
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,233
Total Expenses
$4,850
Mortgage P&I
61%
$2,581
Property Taxes
11%
$455
Home Insurance
4%
$175
HOA
5%
$200
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466