This property looks like a bad Mid-Term investment with a projected -9.64% first-year return on $117k initial cash invested.
-9.64%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$3,213
Rent
-$942
Cashflow
Cash Flow
$3,213 income − $4,155 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,213
Total Expenses
$4,155
Mortgage P&I
80%
$2,581
Property Taxes
9%
$304
Home Insurance
6%
$177
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$353