This property looks like a bad Mid-Term investment with a projected -9.58% first-year return on $118k initial cash invested.
-9.58%
Cash On Cash
4.54%
Cap Rate
0.7
DSCR
$4,016
Rent
-$940
Cashflow
Cash Flow
$4,016 income − $4,956 expenses = $940 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,016
Total Expenses
$4,956
Mortgage P&I
64%
$2,577
Property Taxes
21%
$847
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442