This property looks like a bad Mid-Term investment with a projected -5.34% first-year return on $118k initial cash invested.
-5.34%
Cash On Cash
5.53%
Cap Rate
0.87
DSCR
$4,610
Rent
-$526
Cashflow
Cash Flow
$4,610 income − $5,136 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,380
Closing costs
1%
$4,769
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,610
Total Expenses
$5,136
Mortgage P&I
55%
$2,538
Property Taxes
19%
$857
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507