This property looks like a bad Mid-Term investment with a projected -9.76% first-year return on $117k initial cash invested.
-9.76%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$2,841
Rent
-$955
Cashflow
Cash Flow
$2,841 income − $3,796 expenses = $955 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,700
Closing costs
1%
$4,735
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,841
Total Expenses
$3,796
Mortgage P&I
91%
$2,581
Property Taxes
3%
$73
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313