This property looks like a bad Mid-Term investment with a projected -1.52% first-year return on $118k initial cash invested.
-1.52%
Cash On Cash
6.49%
Cap Rate
1.02
DSCR
$4,932
Rent
-$149
Cashflow
Cash Flow
$4,932 income − $5,081 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,932
Total Expenses
$5,081
Mortgage P&I
51%
$2,522
Property Taxes
15%
$716
Home Insurance
3%
$166
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543