This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $117k initial cash invested.
-3.24%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$3,680
Rent
-$316
Cashflow
Cash Flow
$3,680 income − $3,996 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,680
Total Expenses
$3,996
Mortgage P&I
69%
$2,522
Property Taxes
2%
$58
Home Insurance
4%
$165
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405