This property looks like a bad Mid-Term investment with a projected -14.24% first-year return on $118k initial cash invested.
-14.24%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$3,230
Rent
-$1,397
Cashflow
Cash Flow
$3,230 income − $4,627 expenses = $1,397 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,230
Total Expenses
$4,627
Mortgage P&I
80%
$2,596
Property Taxes
19%
$607
Home Insurance
5%
$166
HOA
5%
$160
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355