This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $117k initial cash invested.
-2.18%
Cash On Cash
6.55%
Cap Rate
0.99
DSCR
$4,632
Rent
-$213
Cashflow
Cash Flow
$4,632 income − $4,845 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,632
Total Expenses
$4,845
Mortgage P&I
56%
$2,603
Property Taxes
10%
$476
Home Insurance
4%
$170
HOA
0%
$21
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510