This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $118k initial cash invested.
-7.02%
Cash On Cash
5.22%
Cap Rate
0.79
DSCR
$3,561
Rent
-$689
Cashflow
Cash Flow
$3,561 income − $4,250 expenses = $689 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%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,561
Total Expenses
$4,250
Mortgage P&I
73%
$2,613
Property Taxes
6%
$228
Home Insurance
5%
$166
HOA
1%
$33
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392