This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $117k initial cash invested.
-3.58%
Cash On Cash
5.97%
Cap Rate
0.93
DSCR
$4,282
Rent
-$350
Cashflow
Cash Flow
$4,282 income − $4,632 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,440
Closing costs
1%
$4,722
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,282
Total Expenses
$4,632
Mortgage P&I
59%
$2,527
Property Taxes
11%
$478
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471