This property looks like a bad Mid-Term investment with a projected -10.58% first-year return on $118k initial cash invested.
-10.58%
Cash On Cash
3.98%
Cap Rate
0.64
DSCR
$3,374
Rent
-$1,038
Cashflow
Cash Flow
$3,374 income − $4,412 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,374
Total Expenses
$4,412
Mortgage P&I
74%
$2,480
Property Taxes
18%
$619
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371