This property looks like a bad Mid-Term investment with a projected -7.71% first-year return on $117k initial cash invested.
-7.71%
Cash On Cash
5.01%
Cap Rate
0.77
DSCR
$4,380
Rent
-$754
Cashflow
Cash Flow
$4,380 income − $5,134 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,600
Closing costs
1%
$4,730
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,380
Total Expenses
$5,134
Mortgage P&I
58%
$2,552
Property Taxes
21%
$925
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482