This property looks like a bad Mid-Term investment with a projected -7.67% first-year return on $118k initial cash invested.
-7.67%
Cash On Cash
5.25%
Cap Rate
0.77
DSCR
$3,590
Rent
-$757
Cashflow
Cash Flow
$3,590 income − $4,347 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,590
Total Expenses
$4,347
Mortgage P&I
75%
$2,707
Property Taxes
7%
$243
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395