This property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $119k initial cash invested.
-0.91%
Cash On Cash
6.89%
Cap Rate
1.04
DSCR
$5,084
Rent
-$90
Cashflow
Cash Flow
$5,084 income − $5,174 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,260
Closing costs
1%
$4,813
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,084
Total Expenses
$5,174
Mortgage P&I
52%
$2,650
Property Taxes
12%
$624
Home Insurance
3%
$172
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559