This property looks like a bad Mid-Term investment with a projected -6.6% first-year return on $118k initial cash invested.
-6.6%
Cash On Cash
5.42%
Cap Rate
0.81
DSCR
$3,928
Rent
-$648
Cashflow
Cash Flow
$3,928 income − $4,576 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,140
Closing costs
1%
$4,757
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,928
Total Expenses
$4,576
Mortgage P&I
67%
$2,640
Property Taxes
8%
$302
Home Insurance
4%
$166
HOA
3%
$133
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432