This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $119k initial cash invested.
-3.74%
Cash On Cash
6.17%
Cap Rate
0.93
DSCR
$4,794
Rent
-$369
Cashflow
Cash Flow
$4,794 income − $5,163 expenses = $369 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%
$95,760
Closing costs
1%
$4,788
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,794
Total Expenses
$5,163
Mortgage P&I
55%
$2,637
Property Taxes
15%
$725
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527