This property looks like a bad Mid-Term investment with a projected -10.74% first-year return on $118k initial cash invested.
-10.74%
Cash On Cash
4.04%
Cap Rate
0.63
DSCR
$3,244
Rent
-$1,055
Cashflow
Cash Flow
$3,244 income − $4,299 expenses = $1,055 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,160
Closing costs
1%
$4,758
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$4,299
Mortgage P&I
78%
$2,528
Property Taxes
15%
$498
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357