This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $118k initial cash invested.
-4.17%
Cash On Cash
6.04%
Cap Rate
0.91
DSCR
$4,538
Rent
-$409
Cashflow
Cash Flow
$4,538 income − $4,947 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,538
Total Expenses
$4,947
Mortgage P&I
58%
$2,618
Property Taxes
14%
$619
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499