This property looks like a bad Mid-Term investment with a projected -7.88% first-year return on $118k initial cash invested.
-7.88%
Cash On Cash
5.18%
Cap Rate
0.77
DSCR
$4,028
Rent
-$774
Cashflow
Cash Flow
$4,028 income − $4,802 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,060
Closing costs
1%
$4,753
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,028
Total Expenses
$4,802
Mortgage P&I
66%
$2,665
Property Taxes
15%
$596
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443