This property looks like a bad Mid-Term investment with a projected -8.93% first-year return on $118k initial cash invested.
-8.93%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$3,316
Rent
-$875
Cashflow
Cash Flow
$3,316 income − $4,191 expenses = $875 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,800
Closing costs
1%
$4,740
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,316
Total Expenses
$4,191
Mortgage P&I
78%
$2,587
Property Taxes
9%
$310
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365