This property looks like a bad Mid-Term investment with a projected -6.5% first-year return on $118k initial cash invested.
-6.5%
Cash On Cash
4.93%
Cap Rate
0.79
DSCR
$3,068
Rent
-$638
Cashflow
Cash Flow
$3,068 income − $3,706 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,068
Total Expenses
$3,706
Mortgage P&I
80%
$2,467
Property Taxes
1%
$30
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337