This property looks like a bad Mid-Term investment with a projected -5.98% first-year return on $117k initial cash invested.
-5.98%
Cash On Cash
5.15%
Cap Rate
0.82
DSCR
$3,771
Rent
-$583
Cashflow
Cash Flow
$3,771 income − $4,354 expenses = $583 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%
$94,300
Closing costs
1%
$4,715
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,771
Total Expenses
$4,354
Mortgage P&I
65%
$2,456
Property Taxes
12%
$454
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415