This property looks like a bad Mid-Term investment with a projected -13.85% first-year return on $117k initial cash invested.
-13.85%
Cash On Cash
3.45%
Cap Rate
0.53
DSCR
$3,100
Rent
-$1,353
Cashflow
Cash Flow
$3,100 income − $4,453 expenses = $1,353 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
$3,100
Total Expenses
$4,453
Mortgage P&I
83%
$2,588
Property Taxes
21%
$636
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341