This property looks like a bad Mid-Term investment with a projected -4.47% first-year return on $119k initial cash invested.
-4.47%
Cash On Cash
5.75%
Cap Rate
0.9
DSCR
$4,372
Rent
-$442
Cashflow
Cash Flow
$4,372 income − $4,814 expenses = $442 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%
$95,820
Closing costs
1%
$4,791
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,372
Total Expenses
$4,814
Mortgage P&I
59%
$2,564
Property Taxes
14%
$597
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481