This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $117k initial cash invested.
-2.64%
Cash On Cash
6.37%
Cap Rate
0.96
DSCR
$3,968
Rent
-$258
Cashflow
Cash Flow
$3,968 income − $4,226 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,520
Closing costs
1%
$4,726
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,968
Total Expenses
$4,226
Mortgage P&I
66%
$2,608
Property Taxes
2%
$94
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436