This property looks like a bad Mid-Term investment with a projected -5.27% first-year return on $119k initial cash invested.
-5.27%
Cash On Cash
5.61%
Cap Rate
0.86
DSCR
$3,726
Rent
-$521
Cashflow
Cash Flow
$3,726 income − $4,247 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,726
Total Expenses
$4,247
Mortgage P&I
70%
$2,611
Property Taxes
5%
$186
Home Insurance
5%
$175
HOA
0%
$8
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410