This property looks like a bad Mid-Term investment with a projected -15.41% first-year return on $118k initial cash invested.
-15.41%
Cash On Cash
2.99%
Cap Rate
0.46
DSCR
$2,832
Rent
-$1,512
Cashflow
Cash Flow
$2,832 income − $4,344 expenses = $1,512 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,832
Total Expenses
$4,344
Mortgage P&I
91%
$2,584
Property Taxes
22%
$631
Home Insurance
6%
$166
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312