This property looks like a bad Mid-Term investment with a projected -8.11% first-year return on $118k initial cash invested.
-8.11%
Cash On Cash
4.86%
Cap Rate
0.75
DSCR
$3,966
Rent
-$799
Cashflow
Cash Flow
$3,966 income − $4,765 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,460
Closing costs
1%
$4,773
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,966
Total Expenses
$4,765
Mortgage P&I
65%
$2,574
Property Taxes
11%
$427
Home Insurance
4%
$168
HOA
6%
$247
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436