This property looks like a bad Mid-Term investment with a projected -3.29% first-year return on $118k initial cash invested.
-3.29%
Cash On Cash
5.68%
Cap Rate
0.93
DSCR
$3,933
Rent
-$323
Cashflow
Cash Flow
$3,933 income − $4,256 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,940
Closing costs
1%
$4,747
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,933
Total Expenses
$4,256
Mortgage P&I
61%
$2,411
Property Taxes
8%
$316
Home Insurance
4%
$175
HOA
0%
$17
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433