This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $117k initial cash invested.
-2.93%
Cash On Cash
6.4%
Cap Rate
0.97
DSCR
$5,292
Rent
-$285
Cashflow
Cash Flow
$5,292 income − $5,577 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,120
Closing costs
1%
$4,706
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,292
Total Expenses
$5,577
Mortgage P&I
49%
$2,584
Property Taxes
18%
$954
Home Insurance
3%
$168
HOA
1%
$71
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582