This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $118k initial cash invested.
-0.4%
Cash On Cash
7.13%
Cap Rate
1.07
DSCR
$5,628
Rent
-$39
Cashflow
Cash Flow
$5,628 income − $5,667 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,628
Total Expenses
$5,667
Mortgage P&I
47%
$2,635
Property Taxes
17%
$953
Home Insurance
3%
$166
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$619