This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $119k initial cash invested.
-3.28%
Cash On Cash
5.75%
Cap Rate
0.93
DSCR
$3,963
Rent
-$324
Cashflow
Cash Flow
$3,963 income − $4,287 expenses = $324 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
$3,963
Total Expenses
$4,287
Mortgage P&I
62%
$2,460
Property Taxes
8%
$310
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436