This property looks like a bad Mid-Term investment with a projected -11.71% first-year return on $118k initial cash invested.
-11.71%
Cash On Cash
4.2%
Cap Rate
0.62
DSCR
$3,036
Rent
-$1,149
Cashflow
Cash Flow
$3,036 income − $4,185 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,036
Total Expenses
$4,185
Mortgage P&I
89%
$2,689
Property Taxes
7%
$214
Home Insurance
5%
$166
HOA
3%
$85
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334