This property looks like a bad Mid-Term investment with a projected -7.8% first-year return on $117k initial cash invested.
-7.8%
Cash On Cash
4.93%
Cap Rate
0.76
DSCR
$3,951
Rent
-$761
Cashflow
Cash Flow
$3,951 income − $4,712 expenses = $761 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%
$94,400
Closing costs
1%
$4,720
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,951
Total Expenses
$4,712
Mortgage P&I
64%
$2,544
Property Taxes
12%
$460
Home Insurance
4%
$165
HOA
5%
$199
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435