This property looks like a bad Mid-Term investment with a projected -12.67% first-year return on $118k initial cash invested.
-12.67%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$2,504
Rent
-$1,247
Cashflow
Cash Flow
$2,504 income − $3,751 expenses = $1,247 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,504
Total Expenses
$3,751
Mortgage P&I
104%
$2,609
Property Taxes
5%
$122
Home Insurance
7%
$170
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275