This property looks like a bad Mid-Term investment with a projected -3.97% first-year return on $119k initial cash invested.
-3.97%
Cash On Cash
5.49%
Cap Rate
0.9
DSCR
$3,578
Rent
-$392
Cashflow
Cash Flow
$3,578 income − $3,970 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,800
Closing costs
1%
$4,790
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,578
Total Expenses
$3,970
Mortgage P&I
68%
$2,441
Property Taxes
4%
$145
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394