This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $117k initial cash invested.
-3.69%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$4,036
Rent
-$360
Cashflow
Cash Flow
$4,036 income − $4,396 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,280
Closing costs
1%
$4,714
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,036
Total Expenses
$4,396
Mortgage P&I
64%
$2,565
Property Taxes
7%
$271
Home Insurance
4%
$175
HOA
0%
$14
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444