This property looks like a bad Mid-Term investment with a projected -16.59% first-year return on $118k initial cash invested.
-16.59%
Cash On Cash
2.21%
Cap Rate
0.36
DSCR
$2,106
Rent
-$1,628
Cashflow
Cash Flow
$2,106 income − $3,734 expenses = $1,628 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
$2,106
Total Expenses
$3,734
Mortgage P&I
115%
$2,420
Property Taxes
21%
$432
Home Insurance
8%
$166
HOA
0%
$0
Property Management
12%
$253
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$232