This property looks like a bad Mid-Term investment with a projected -4.22% first-year return on $118k initial cash invested.
-4.22%
Cash On Cash
6%
Cap Rate
0.91
DSCR
$4,318
Rent
-$416
Cashflow
Cash Flow
$4,318 income − $4,734 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,540
Closing costs
1%
$4,777
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,318
Total Expenses
$4,734
Mortgage P&I
61%
$2,633
Property Taxes
10%
$448
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$518
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475