This property looks like a bad Mid-Term investment with a projected -12.45% first-year return on $117k initial cash invested.
-12.45%
Cash On Cash
3.38%
Cap Rate
0.55
DSCR
$3,138
Rent
-$1,214
Cashflow
Cash Flow
$3,138 income − $4,352 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,260
Closing costs
1%
$4,713
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,138
Total Expenses
$4,352
Mortgage P&I
77%
$2,414
Property Taxes
22%
$697
Home Insurance
6%
$173
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345