This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $118k initial cash invested.
-7.24%
Cash On Cash
5.24%
Cap Rate
0.79
DSCR
$3,956
Rent
-$710
Cashflow
Cash Flow
$3,956 income − $4,666 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,956
Total Expenses
$4,666
Mortgage P&I
66%
$2,624
Property Taxes
13%
$531
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435