This property looks like a bad Mid-Term investment with a projected -16.45% first-year return on $118k initial cash invested.
-16.45%
Cash On Cash
2.48%
Cap Rate
0.39
DSCR
$2,505
Rent
-$1,619
Cashflow
Cash Flow
$2,505 income − $4,124 expenses = $1,619 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,360
Closing costs
1%
$4,768
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,505
Total Expenses
$4,124
Mortgage P&I
100%
$2,505
Property Taxes
13%
$329
Home Insurance
17%
$438
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276