This property looks like a bad Mid-Term investment with a projected -6.14% first-year return on $118k initial cash invested.
-6.14%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$3,350
Rent
-$602
Cashflow
Cash Flow
$3,350 income − $3,952 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,350
Total Expenses
$3,952
Mortgage P&I
76%
$2,560
Property Taxes
3%
$88
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368