This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $118k initial cash invested.
-4.95%
Cash On Cash
5.93%
Cap Rate
0.88
DSCR
$3,960
Rent
-$487
Cashflow
Cash Flow
$3,960 income − $4,447 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,300
Closing costs
1%
$4,765
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,960
Total Expenses
$4,447
Mortgage P&I
68%
$2,682
Property Taxes
6%
$251
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$436