This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $118k initial cash invested.
-2.92%
Cash On Cash
5.97%
Cap Rate
0.96
DSCR
$4,395
Rent
-$287
Cashflow
Cash Flow
$4,395 income − $4,682 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,080
Closing costs
1%
$4,754
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,395
Total Expenses
$4,682
Mortgage P&I
56%
$2,475
Property Taxes
12%
$538
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483