This property looks like a bad Mid-Term investment with a projected -12.64% first-year return on $119k initial cash invested.
-12.64%
Cash On Cash
3.3%
Cap Rate
0.53
DSCR
$2,442
Rent
-$1,249
Cashflow
Cash Flow
$2,442 income − $3,691 expenses = $1,249 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,442
Total Expenses
$3,691
Mortgage P&I
101%
$2,469
Property Taxes
9%
$223
Home Insurance
7%
$168
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269