This property looks like a bad Mid-Term investment with a projected -15.67% first-year return on $118k initial cash invested.
-15.67%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$2,756
Rent
-$1,547
Cashflow
Cash Flow
$2,756 income − $4,303 expenses = $1,547 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,756
Total Expenses
$4,303
Mortgage P&I
94%
$2,589
Property Taxes
22%
$602
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303