This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $118k initial cash invested.
-5.89%
Cash On Cash
5.42%
Cap Rate
0.84
DSCR
$3,921
Rent
-$577
Cashflow
Cash Flow
$3,921 income − $4,498 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,880
Closing costs
1%
$4,744
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,921
Total Expenses
$4,498
Mortgage P&I
65%
$2,563
Property Taxes
11%
$435
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431