This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $118k initial cash invested.
-2.65%
Cash On Cash
6.27%
Cap Rate
0.96
DSCR
$4,088
Rent
-$261
Cashflow
Cash Flow
$4,088 income − $4,349 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,397
Closing costs
1%
$4,770
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,088
Total Expenses
$4,349
Mortgage P&I
63%
$2,591
Property Taxes
5%
$199
Home Insurance
4%
$167
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450