This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $118k initial cash invested.
-5.04%
Cash On Cash
5.62%
Cap Rate
0.87
DSCR
$3,992
Rent
-$494
Cashflow
Cash Flow
$3,992 income − $4,486 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,860
Closing costs
1%
$4,743
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,992
Total Expenses
$4,486
Mortgage P&I
64%
$2,556
Property Taxes
10%
$404
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439