This property looks like a bad Mid-Term investment with a projected -8.33% first-year return on $117k initial cash invested.
-8.33%
Cash On Cash
5.01%
Cap Rate
0.75
DSCR
$3,778
Rent
-$811
Cashflow
Cash Flow
$3,778 income − $4,589 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,160
Closing costs
1%
$4,708
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,778
Total Expenses
$4,589
Mortgage P&I
70%
$2,627
Property Taxes
10%
$367
Home Insurance
4%
$166
HOA
4%
$145
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416