This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $118k initial cash invested.
-7.23%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$3,462
Rent
-$711
Cashflow
Cash Flow
$3,462 income − $4,173 expenses = $711 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,240
Closing costs
1%
$4,762
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,462
Total Expenses
$4,173
Mortgage P&I
75%
$2,589
Property Taxes
7%
$233
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$381