This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $118k initial cash invested.
-8.32%
Cash On Cash
4.55%
Cap Rate
0.73
DSCR
$3,432
Rent
-$821
Cashflow
Cash Flow
$3,432 income − $4,253 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,640
Closing costs
1%
$4,782
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,432
Total Expenses
$4,253
Mortgage P&I
73%
$2,496
Property Taxes
12%
$417
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378