This property looks like a bad Mid-Term investment with a projected -4.96% first-year return on $117k initial cash invested.
-4.96%
Cash On Cash
5.58%
Cap Rate
0.86
DSCR
$3,524
Rent
-$483
Cashflow
Cash Flow
$3,524 income − $4,007 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,220
Closing costs
1%
$4,711
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$4,007
Mortgage P&I
72%
$2,531
Property Taxes
3%
$105
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388