This property looks like a bad Mid-Term investment with a projected -5.64% first-year return on $118k initial cash invested.
-5.64%
Cash On Cash
5.29%
Cap Rate
0.84
DSCR
$3,766
Rent
-$553
Cashflow
Cash Flow
$3,766 income − $4,319 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,766
Total Expenses
$4,319
Mortgage P&I
66%
$2,496
Property Taxes
10%
$376
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414