This property looks like a bad Mid-Term investment with a projected -5.01% first-year return on $118k initial cash invested.
-5.01%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$4,059
Rent
-$492
Cashflow
Cash Flow
$4,059 income − $4,551 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,059
Total Expenses
$4,551
Mortgage P&I
63%
$2,564
Property Taxes
11%
$442
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446