This property looks like a bad Mid-Term investment with a projected -3.98% first-year return on $118k initial cash invested.
-3.98%
Cash On Cash
5.78%
Cap Rate
0.91
DSCR
$3,896
Rent
-$391
Cashflow
Cash Flow
$3,896 income − $4,287 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,896
Total Expenses
$4,287
Mortgage P&I
65%
$2,524
Property Taxes
7%
$271
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429