This property looks like a bad Mid-Term investment with a projected -8.34% first-year return on $118k initial cash invested.
-8.34%
Cash On Cash
4.5%
Cap Rate
0.73
DSCR
$3,621
Rent
-$821
Cashflow
Cash Flow
$3,621 income − $4,442 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,360
Closing costs
1%
$4,768
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,621
Total Expenses
$4,442
Mortgage P&I
68%
$2,463
Property Taxes
16%
$569
Home Insurance
5%
$168
HOA
0%
$10
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398