This property looks like a bad Mid-Term investment with a projected -6.11% first-year return on $119k initial cash invested.
-6.11%
Cash On Cash
5.18%
Cap Rate
0.82
DSCR
$3,459
Rent
-$604
Cashflow
Cash Flow
$3,459 income − $4,063 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,459
Total Expenses
$4,063
Mortgage P&I
73%
$2,532
Property Taxes
5%
$188
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380