This property looks like a bad Mid-Term investment with a projected -10.59% first-year return on $118k initial cash invested.
-10.59%
Cash On Cash
3.88%
Cap Rate
0.63
DSCR
$3,666
Rent
-$1,039
Cashflow
Cash Flow
$3,666 income − $4,705 expenses = $1,039 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,666
Total Expenses
$4,705
Mortgage P&I
66%
$2,427
Property Taxes
23%
$841
Home Insurance
5%
$170
HOA
1%
$20
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403