This property looks like a bad Mid-Term investment with a projected -8.35% first-year return on $119k initial cash invested.
-8.35%
Cash On Cash
4.88%
Cap Rate
0.74
DSCR
$3,687
Rent
-$825
Cashflow
Cash Flow
$3,687 income − $4,512 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,687
Total Expenses
$4,512
Mortgage P&I
71%
$2,626
Property Taxes
13%
$461
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$406