This property looks like a bad Mid-Term investment with a projected -7.98% first-year return on $117k initial cash invested.
-7.98%
Cash On Cash
4.81%
Cap Rate
0.75
DSCR
$3,624
Rent
-$778
Cashflow
Cash Flow
$3,624 income − $4,402 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,320
Closing costs
1%
$4,716
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,624
Total Expenses
$4,402
Mortgage P&I
70%
$2,524
Property Taxes
13%
$479
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399