This property looks like a bad Mid-Term investment with a projected -10.03% first-year return on $117k initial cash invested.
-10.03%
Cash On Cash
4.02%
Cap Rate
0.66
DSCR
$3,771
Rent
-$980
Cashflow
Cash Flow
$3,771 income − $4,751 expenses = $980 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,480
Closing costs
1%
$4,724
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,771
Total Expenses
$4,751
Mortgage P&I
64%
$2,412
Property Taxes
23%
$883
Home Insurance
5%
$173
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415