This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $119k initial cash invested.
-1.2%
Cash On Cash
6.31%
Cap Rate
1.03
DSCR
$4,515
Rent
-$119
Cashflow
Cash Flow
$4,515 income − $4,634 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,160
Closing costs
1%
$4,808
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,515
Total Expenses
$4,634
Mortgage P&I
55%
$2,468
Property Taxes
10%
$460
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497