This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $119k initial cash invested.
-3.15%
Cash On Cash
6.21%
Cap Rate
0.96
DSCR
$4,899
Rent
-$313
Cashflow
Cash Flow
$4,899 income − $5,212 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,540
Closing costs
1%
$4,827
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,899
Total Expenses
$5,212
Mortgage P&I
53%
$2,613
Property Taxes
10%
$476
Home Insurance
4%
$192
HOA
5%
$265
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539