This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $118k initial cash invested.
-2.59%
Cash On Cash
5.93%
Cap Rate
0.96
DSCR
$3,836
Rent
-$255
Cashflow
Cash Flow
$3,836 income − $4,091 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,180
Closing costs
1%
$4,759
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$4,091
Mortgage P&I
64%
$2,452
Property Taxes
4%
$169
Home Insurance
4%
$167
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422