This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $119k initial cash invested.
-0.53%
Cash On Cash
6.49%
Cap Rate
1.04
DSCR
$4,059
Rent
-$52
Cashflow
Cash Flow
$4,059 income − $4,111 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,059
Total Expenses
$4,111
Mortgage P&I
61%
$2,482
Property Taxes
2%
$82
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446