This property looks like a bad Mid-Term investment with a projected -8.01% first-year return on $117k initial cash invested.
-8.01%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$3,645
Rent
-$782
Cashflow
Cash Flow
$3,645 income − $4,427 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,420
Closing costs
1%
$4,721
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,645
Total Expenses
$4,427
Mortgage P&I
70%
$2,563
Property Taxes
13%
$459
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401