This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $118k initial cash invested.
-6.36%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$3,754
Rent
-$624
Cashflow
Cash Flow
$3,754 income − $4,378 expenses = $624 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,754
Total Expenses
$4,378
Mortgage P&I
69%
$2,598
Property Taxes
9%
$338
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413