This property looks like a bad Mid-Term investment with a projected -9.62% first-year return on $118k initial cash invested.
-9.62%
Cash On Cash
4.73%
Cap Rate
0.7
DSCR
$3,998
Rent
-$947
Cashflow
Cash Flow
$3,998 income − $4,945 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,320
Closing costs
1%
$4,766
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,998
Total Expenses
$4,945
Mortgage P&I
67%
$2,666
Property Taxes
19%
$747
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440