This property looks like a bad Mid-Term investment with a projected -5.95% first-year return on $119k initial cash invested.
-5.95%
Cash On Cash
5.54%
Cap Rate
0.83
DSCR
$3,562
Rent
-$591
Cashflow
Cash Flow
$3,562 income − $4,153 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,440
Closing costs
1%
$4,822
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,562
Total Expenses
$4,153
Mortgage P&I
75%
$2,677
Property Taxes
2%
$66
Home Insurance
5%
$175
HOA
1%
$25
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392