This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $117k initial cash invested.
-4.76%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$4,040
Rent
-$465
Cashflow
Cash Flow
$4,040 income − $4,505 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,420
Closing costs
1%
$4,721
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,040
Total Expenses
$4,505
Mortgage P&I
63%
$2,565
Property Taxes
9%
$350
Home Insurance
4%
$166
HOA
1%
$50
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444