This property looks like a bad Mid-Term investment with a projected -1.48% first-year return on $118k initial cash invested.
-1.48%
Cash On Cash
6.47%
Cap Rate
1.02
DSCR
$4,641
Rent
-$145
Cashflow
Cash Flow
$4,641 income − $4,786 expenses = $145 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
$4,641
Total Expenses
$4,786
Mortgage P&I
54%
$2,519
Property Taxes
11%
$522
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511