This property looks like a bad Mid-Term investment with a projected -10.86% first-year return on $118k initial cash invested.
-10.86%
Cash On Cash
4.46%
Cap Rate
0.65
DSCR
$3,051
Rent
-$1,066
Cashflow
Cash Flow
$3,051 income − $4,117 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,051
Total Expenses
$4,117
Mortgage P&I
89%
$2,710
Property Taxes
7%
$203
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336