This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $118k initial cash invested.
-3.15%
Cash On Cash
6.4%
Cap Rate
0.96
DSCR
$5,106
Rent
-$309
Cashflow
Cash Flow
$5,106 income − $5,415 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,860
Closing costs
1%
$4,743
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,106
Total Expenses
$5,415
Mortgage P&I
52%
$2,635
Property Taxes
17%
$869
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$613
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$562