This property looks like a bad Mid-Term investment with a projected -3.64% first-year return on $118k initial cash invested.
-3.64%
Cash On Cash
5.98%
Cap Rate
0.92
DSCR
$4,064
Rent
-$357
Cashflow
Cash Flow
$4,064 income − $4,421 expenses = $357 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%
$94,900
Closing costs
1%
$4,745
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,064
Total Expenses
$4,421
Mortgage P&I
63%
$2,560
Property Taxes
9%
$348
Home Insurance
3%
$130
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447