This property looks like a bad Mid-Term investment with a projected -4.49% first-year return on $118k initial cash invested.
-4.49%
Cash On Cash
5.33%
Cap Rate
0.88
DSCR
$4,080
Rent
-$442
Cashflow
Cash Flow
$4,080 income − $4,522 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,260
Closing costs
1%
$4,763
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,080
Total Expenses
$4,522
Mortgage P&I
59%
$2,396
Property Taxes
14%
$567
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449