This property looks like a bad Mid-Term investment with a projected -14.5% first-year return on $118k initial cash invested.
-14.5%
Cash On Cash
3.09%
Cap Rate
0.49
DSCR
$3,354
Rent
-$1,429
Cashflow
Cash Flow
$3,354 income − $4,783 expenses = $1,429 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,500
Closing costs
1%
$4,775
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,354
Total Expenses
$4,783
Mortgage P&I
75%
$2,525
Property Taxes
15%
$506
Home Insurance
5%
$171
HOA
13%
$441
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369