This property looks like a bad Mid-Term investment with a projected -5.58% first-year return on $118k initial cash invested.
-5.58%
Cash On Cash
5.12%
Cap Rate
0.84
DSCR
$3,832
Rent
-$549
Cashflow
Cash Flow
$3,832 income − $4,381 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,320
Closing costs
1%
$4,766
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,832
Total Expenses
$4,381
Mortgage P&I
63%
$2,430
Property Taxes
13%
$481
Home Insurance
4%
$167
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422