This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $117k initial cash invested.
-4.27%
Cash On Cash
5.66%
Cap Rate
0.89
DSCR
$3,660
Rent
-$418
Cashflow
Cash Flow
$3,660 income − $4,078 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,640
Closing costs
1%
$4,732
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,660
Total Expenses
$4,078
Mortgage P&I
68%
$2,504
Property Taxes
3%
$120
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403