This property looks like a bad Mid-Term investment with a projected -11.26% first-year return on $118k initial cash invested.
-11.26%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$3,308
Rent
-$1,104
Cashflow
Cash Flow
$3,308 income − $4,412 expenses = $1,104 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,920
Closing costs
1%
$4,746
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,308
Total Expenses
$4,412
Mortgage P&I
78%
$2,576
Property Taxes
17%
$558
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364