This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $118k initial cash invested.
-1.8%
Cash On Cash
6.53%
Cap Rate
1
DSCR
$4,346
Rent
-$177
Cashflow
Cash Flow
$4,346 income − $4,523 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,420
Closing costs
1%
$4,771
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,346
Total Expenses
$4,523
Mortgage P&I
60%
$2,598
Property Taxes
5%
$227
Home Insurance
4%
$175
HOA
1%
$45
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478