This property looks like a bad Mid-Term investment with a projected -9.32% first-year return on $117k initial cash invested.
-9.32%
Cash On Cash
4.27%
Cap Rate
0.68
DSCR
$3,357
Rent
-$910
Cashflow
Cash Flow
$3,357 income − $4,267 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,400
Closing costs
1%
$4,720
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,357
Total Expenses
$4,267
Mortgage P&I
73%
$2,456
Property Taxes
15%
$505
Home Insurance
5%
$165
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369