This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $118k initial cash invested.
-8.04%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$3,326
Rent
-$789
Cashflow
Cash Flow
$3,326 income − $4,115 expenses = $789 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,326
Total Expenses
$4,115
Mortgage P&I
78%
$2,595
Property Taxes
7%
$223
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366