This property looks like a bad Mid-Term investment with a projected -10.82% first-year return on $118k initial cash invested.
-10.82%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$2,722
Rent
-$1,062
Cashflow
Cash Flow
$2,722 income − $3,784 expenses = $1,062 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
$2,722
Total Expenses
$3,784
Mortgage P&I
93%
$2,522
Property Taxes
6%
$170
Home Insurance
6%
$166
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299