This property looks like a bad Mid-Term investment with a projected -5.78% first-year return on $118k initial cash invested.
-5.78%
Cash On Cash
5.1%
Cap Rate
0.83
DSCR
$4,011
Rent
-$569
Cashflow
Cash Flow
$4,011 income − $4,580 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,380
Closing costs
1%
$4,769
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,011
Total Expenses
$4,580
Mortgage P&I
61%
$2,437
Property Taxes
15%
$614
Home Insurance
4%
$167
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441