This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $118k initial cash invested.
-4.4%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$3,684
Rent
-$432
Cashflow
Cash Flow
$3,684 income − $4,116 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,684
Total Expenses
$4,116
Mortgage P&I
66%
$2,414
Property Taxes
8%
$284
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$405