This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $118k initial cash invested.
-4.23%
Cash On Cash
5.99%
Cap Rate
0.9
DSCR
$4,156
Rent
-$416
Cashflow
Cash Flow
$4,156 income − $4,572 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,140
Closing costs
1%
$4,757
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$4,572
Mortgage P&I
63%
$2,626
Property Taxes
9%
$361
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457