This property looks like a bad Mid-Term investment with a projected -11.66% first-year return on $117k initial cash invested.
-11.66%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$3,174
Rent
-$1,137
Cashflow
Cash Flow
$3,174 income − $4,311 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,300
Closing costs
1%
$4,715
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,174
Total Expenses
$4,311
Mortgage P&I
83%
$2,629
Property Taxes
9%
$297
Home Insurance
5%
$166
HOA
4%
$140
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349