This property looks like a bad Mid-Term investment with a projected -15.33% first-year return on $118k initial cash invested.
-15.33%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$1,764
Rent
-$1,504
Cashflow
Cash Flow
$1,764 income − $3,268 expenses = $1,504 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,764
Total Expenses
$3,268
Mortgage P&I
139%
$2,454
Property Taxes
3%
$47
Home Insurance
9%
$166
HOA
0%
$0
Property Management
12%
$212
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$194