This property looks like a bad Mid-Term investment with a projected -9.21% first-year return on $117k initial cash invested.
-9.21%
Cash On Cash
4.63%
Cap Rate
0.71
DSCR
$3,494
Rent
-$899
Cashflow
Cash Flow
$3,494 income − $4,393 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,494
Total Expenses
$4,393
Mortgage P&I
74%
$2,582
Property Taxes
12%
$426
Home Insurance
5%
$172
HOA
1%
$25
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384