This property looks like a bad Mid-Term investment with a projected -9.99% first-year return on $118k initial cash invested.
-9.99%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$3,298
Rent
-$984
Cashflow
Cash Flow
$3,298 income − $4,282 expenses = $984 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,480
Closing costs
1%
$4,774
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,298
Total Expenses
$4,282
Mortgage P&I
80%
$2,635
Property Taxes
10%
$322
Home Insurance
5%
$172
HOA
1%
$31
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363