This property looks like a bad Mid-Term investment with a projected -6.22% first-year return on $118k initial cash invested.
-6.22%
Cash On Cash
5.6%
Cap Rate
0.83
DSCR
$3,764
Rent
-$610
Cashflow
Cash Flow
$3,764 income − $4,374 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,764
Total Expenses
$4,374
Mortgage P&I
71%
$2,676
Property Taxes
6%
$231
Home Insurance
4%
$166
HOA
1%
$20
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414