This property looks like a bad Mid-Term investment with a projected -10.6% first-year return on $118k initial cash invested.
-10.6%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$3,333
Rent
-$1,044
Cashflow
Cash Flow
$3,333 income − $4,377 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,440
Closing costs
1%
$4,772
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,333
Total Expenses
$4,377
Mortgage P&I
78%
$2,616
Property Taxes
14%
$470
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367