This property looks like a bad Mid-Term investment with a projected -6.07% first-year return on $118k initial cash invested.
-6.07%
Cash On Cash
5.31%
Cap Rate
0.83
DSCR
$4,032
Rent
-$596
Cashflow
Cash Flow
$4,032 income − $4,628 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,032
Total Expenses
$4,628
Mortgage P&I
63%
$2,538
Property Taxes
14%
$553
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444