This property looks like a bad Mid-Term investment with a projected -11.22% first-year return on $118k initial cash invested.
-11.22%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$3,758
Rent
-$1,105
Cashflow
Cash Flow
$3,758 income − $4,863 expenses = $1,105 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,460
Closing costs
1%
$4,773
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,758
Total Expenses
$4,863
Mortgage P&I
68%
$2,545
Property Taxes
23%
$850
Home Insurance
5%
$171
HOA
1%
$20
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413