This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $119k initial cash invested.
-4.71%
Cash On Cash
5.28%
Cap Rate
0.87
DSCR
$3,465
Rent
-$466
Cashflow
Cash Flow
$3,465 income − $3,931 expenses = $466 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,840
Closing costs
1%
$4,792
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,465
Total Expenses
$3,931
Mortgage P&I
70%
$2,437
Property Taxes
3%
$103
Home Insurance
5%
$172
HOA
1%
$40
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381