This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $119k initial cash invested.
-1.16%
Cash On Cash
6.37%
Cap Rate
1.03
DSCR
$4,683
Rent
-$115
Cashflow
Cash Flow
$4,683 income − $4,798 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,180
Closing costs
1%
$4,809
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,683
Total Expenses
$4,798
Mortgage P&I
53%
$2,479
Property Taxes
12%
$558
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515