This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $118k initial cash invested.
-2.98%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$4,138
Rent
-$292
Cashflow
Cash Flow
$4,138 income − $4,430 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,138
Total Expenses
$4,430
Mortgage P&I
58%
$2,418
Property Taxes
11%
$438
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$455