This property looks like a bad Mid-Term investment with a projected -9.54% first-year return on $119k initial cash invested.
-9.54%
Cash On Cash
4.45%
Cap Rate
0.69
DSCR
$3,682
Rent
-$943
Cashflow
Cash Flow
$3,682 income − $4,625 expenses = $943 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,682
Total Expenses
$4,625
Mortgage P&I
70%
$2,570
Property Taxes
17%
$629
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405