This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $118k initial cash invested.
-7.3%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$3,850
Rent
-$720
Cashflow
Cash Flow
$3,850 income − $4,570 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$95,620
Closing costs
1%
$4,781
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$4,570
Mortgage P&I
68%
$2,621
Property Taxes
12%
$469
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424