This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $118k initial cash invested.
-5.18%
Cash On Cash
5.47%
Cap Rate
0.86
DSCR
$3,632
Rent
-$509
Cashflow
Cash Flow
$3,632 income − $4,141 expenses = $509 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,100
Closing costs
1%
$4,755
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,632
Total Expenses
$4,141
Mortgage P&I
70%
$2,531
Property Taxes
4%
$155
Home Insurance
5%
$175
HOA
1%
$45
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400