This property looks like a bad Mid-Term investment with a projected -15.09% first-year return on $118k initial cash invested.
-15.09%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$2,596
Rent
-$1,490
Cashflow
Cash Flow
$2,596 income − $4,086 expenses = $1,490 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,700
Closing costs
1%
$4,785
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,596
Total Expenses
$4,086
Mortgage P&I
102%
$2,637
Property Taxes
15%
$392
Home Insurance
7%
$173
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286