This property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $118k initial cash invested.
-1.3%
Cash On Cash
6.3%
Cap Rate
1.03
DSCR
$4,760
Rent
-$128
Cashflow
Cash Flow
$4,760 income − $4,888 expenses = $128 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
$4,760
Total Expenses
$4,888
Mortgage P&I
51%
$2,432
Property Taxes
13%
$630
Home Insurance
3%
$166
HOA
1%
$42
Property Management
12%
$571
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$524