This property looks like a bad Mid-Term investment with a projected -9.24% first-year return on $118k initial cash invested.
-9.24%
Cash On Cash
4.61%
Cap Rate
0.71
DSCR
$3,747
Rent
-$907
Cashflow
Cash Flow
$3,747 income − $4,654 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,747
Total Expenses
$4,654
Mortgage P&I
69%
$2,581
Property Taxes
17%
$633
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412