This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $117k initial cash invested.
-7.85%
Cash On Cash
4.64%
Cap Rate
0.74
DSCR
$2,998
Rent
-$766
Cashflow
Cash Flow
$2,998 income − $3,764 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,380
Closing costs
1%
$4,719
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,998
Total Expenses
$3,764
Mortgage P&I
82%
$2,471
Property Taxes
3%
$98
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330