This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $118k initial cash invested.
-7.28%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$3,658
Rent
-$714
Cashflow
Cash Flow
$3,658 income − $4,372 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,658
Total Expenses
$4,372
Mortgage P&I
72%
$2,641
Property Taxes
9%
$322
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402