This property looks like a bad Mid-Term investment with a projected -4.33% first-year return on $119k initial cash invested.
-4.33%
Cash On Cash
5.55%
Cap Rate
0.89
DSCR
$3,850
Rent
-$428
Cashflow
Cash Flow
$3,850 income − $4,278 expenses = $428 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,780
Closing costs
1%
$4,789
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$4,278
Mortgage P&I
65%
$2,487
Property Taxes
8%
$309
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424