This property looks like a bad Mid-Term investment with a projected -9.91% first-year return on $118k initial cash invested.
-9.91%
Cash On Cash
4.27%
Cap Rate
0.67
DSCR
$3,126
Rent
-$972
Cashflow
Cash Flow
$3,126 income − $4,098 expenses = $972 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
$3,126
Total Expenses
$4,098
Mortgage P&I
81%
$2,536
Property Taxes
11%
$333
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344