This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $118k initial cash invested.
-2.28%
Cash On Cash
6.29%
Cap Rate
0.98
DSCR
$4,016
Rent
-$225
Cashflow
Cash Flow
$4,016 income − $4,241 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,520
Closing costs
1%
$4,776
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,016
Total Expenses
$4,241
Mortgage P&I
64%
$2,569
Property Taxes
3%
$133
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442