This property looks like a bad Mid-Term investment with a projected -1.98% first-year return on $119k initial cash invested.
-1.98%
Cash On Cash
6.28%
Cap Rate
0.99
DSCR
$4,024
Rent
-$197
Cashflow
Cash Flow
$4,024 income − $4,221 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,320
Closing costs
1%
$4,816
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,024
Total Expenses
$4,221
Mortgage P&I
64%
$2,557
Property Taxes
3%
$120
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443