This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $118k initial cash invested.
-2.8%
Cash On Cash
5.9%
Cap Rate
0.96
DSCR
$4,233
Rent
-$276
Cashflow
Cash Flow
$4,233 income − $4,509 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,580
Closing costs
1%
$4,779
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,233
Total Expenses
$4,509
Mortgage P&I
58%
$2,457
Property Taxes
7%
$292
Home Insurance
7%
$304
HOA
0%
$17
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466