This property looks like a bad Mid-Term investment with a projected -15.65% first-year return on $118k initial cash invested.
-15.65%
Cash On Cash
2.43%
Cap Rate
0.4
DSCR
$1,656
Rent
-$1,536
Cashflow
Cash Flow
$1,656 income − $3,192 expenses = $1,536 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,656
Total Expenses
$3,192
Mortgage P&I
147%
$2,433
Property Taxes
2%
$30
Home Insurance
10%
$166
HOA
0%
$0
Property Management
12%
$199
CapEx
4%
$66
Vacancy
3%
$50
Maintenance
4%
$66
Other
11%
$182