This property looks like a bad Mid-Term investment with a projected -11.86% first-year return on $117k initial cash invested.
-11.86%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$2,601
Rent
-$1,160
Cashflow
Cash Flow
$2,601 income − $3,761 expenses = $1,160 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,601
Total Expenses
$3,761
Mortgage P&I
100%
$2,596
Property Taxes
4%
$106
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286