This property looks like a bad Mid-Term investment with a projected -4.88% first-year return on $118k initial cash invested.
-4.88%
Cash On Cash
5.73%
Cap Rate
0.88
DSCR
$4,125
Rent
-$479
Cashflow
Cash Flow
$4,125 income − $4,604 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,125
Total Expenses
$4,604
Mortgage P&I
63%
$2,581
Property Taxes
12%
$506
Home Insurance
3%
$114
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454