This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $118k initial cash invested.
-2.48%
Cash On Cash
6.24%
Cap Rate
0.98
DSCR
$4,911
Rent
-$243
Cashflow
Cash Flow
$4,911 income − $5,154 expenses = $243 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%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,911
Total Expenses
$5,154
Mortgage P&I
51%
$2,515
Property Taxes
15%
$745
Home Insurance
3%
$166
HOA
1%
$60
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540