This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $118k initial cash invested.
-7.36%
Cash On Cash
4.69%
Cap Rate
0.76
DSCR
$3,010
Rent
-$722
Cashflow
Cash Flow
$3,010 income − $3,732 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,010
Total Expenses
$3,732
Mortgage P&I
82%
$2,459
Property Taxes
3%
$85
Home Insurance
6%
$166
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331