This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $118k initial cash invested.
-5.21%
Cash On Cash
5.18%
Cap Rate
0.85
DSCR
$3,426
Rent
-$511
Cashflow
Cash Flow
$3,426 income − $3,937 expenses = $511 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
$3,426
Total Expenses
$3,937
Mortgage P&I
71%
$2,423
Property Taxes
5%
$158
Home Insurance
5%
$166
HOA
1%
$25
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377