This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $118k initial cash invested.
-6.71%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$3,808
Rent
-$658
Cashflow
Cash Flow
$3,808 income − $4,466 expenses = $658 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%
$94,940
Closing costs
1%
$4,747
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,808
Total Expenses
$4,466
Mortgage P&I
67%
$2,565
Property Taxes
11%
$421
Home Insurance
5%
$178
HOA
0%
$8
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419