This property looks like a bad Mid-Term investment with a projected -4.31% first-year return on $118k initial cash invested.
-4.31%
Cash On Cash
5.84%
Cap Rate
0.9
DSCR
$3,956
Rent
-$425
Cashflow
Cash Flow
$3,956 income − $4,381 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,640
Closing costs
1%
$4,782
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,956
Total Expenses
$4,381
Mortgage P&I
66%
$2,596
Property Taxes
7%
$270
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435