This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $118k initial cash invested.
-6.27%
Cash On Cash
5.2%
Cap Rate
0.81
DSCR
$3,462
Rent
-$615
Cashflow
Cash Flow
$3,462 income − $4,077 expenses = $615 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,462
Total Expenses
$4,077
Mortgage P&I
73%
$2,535
Property Taxes
6%
$194
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$381