This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $118k initial cash invested.
-5.62%
Cash On Cash
5.42%
Cap Rate
0.84
DSCR
$3,588
Rent
-$553
Cashflow
Cash Flow
$3,588 income − $4,141 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,400
Closing costs
1%
$4,770
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,588
Total Expenses
$4,141
Mortgage P&I
71%
$2,563
Property Taxes
5%
$186
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395