This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $117k initial cash invested.
-3.1%
Cash On Cash
5.89%
Cap Rate
0.94
DSCR
$3,998
Rent
-$303
Cashflow
Cash Flow
$3,998 income − $4,301 expenses = $303 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%
$94,420
Closing costs
1%
$4,721
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,998
Total Expenses
$4,301
Mortgage P&I
62%
$2,460
Property Taxes
8%
$315
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440