This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $118k initial cash invested.
-5.82%
Cash On Cash
5.46%
Cap Rate
0.84
DSCR
$3,888
Rent
-$573
Cashflow
Cash Flow
$3,888 income − $4,461 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,300
Closing costs
1%
$4,765
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,888
Total Expenses
$4,461
Mortgage P&I
66%
$2,585
Property Taxes
10%
$384
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428