This property looks like a bad Mid-Term investment with a projected -9.02% first-year return on $118k initial cash invested.
-9.02%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$3,848
Rent
-$890
Cashflow
Cash Flow
$3,848 income − $4,738 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,680
Closing costs
1%
$4,784
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,848
Total Expenses
$4,738
Mortgage P&I
66%
$2,549
Property Taxes
18%
$709
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423