This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $118k initial cash invested.
-8.95%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$3,626
Rent
-$881
Cashflow
Cash Flow
$3,626 income − $4,507 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,400
Closing costs
1%
$4,770
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,626
Total Expenses
$4,507
Mortgage P&I
72%
$2,615
Property Taxes
13%
$489
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399