This property looks like a bad Mid-Term investment with a projected -14.44% first-year return on $118k initial cash invested.
-14.44%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$2,180
Rent
-$1,417
Cashflow
Cash Flow
$2,180 income − $3,597 expenses = $1,417 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,180
Total Expenses
$3,597
Mortgage P&I
120%
$2,612
Property Taxes
4%
$78
Home Insurance
8%
$166
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240