This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $118k initial cash invested.
-8.84%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$3,214
Rent
-$869
Cashflow
Cash Flow
$3,214 income − $4,083 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,220
Closing costs
1%
$4,761
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,214
Total Expenses
$4,083
Mortgage P&I
82%
$2,623
Property Taxes
6%
$193
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$354