This property looks like a bad Mid-Term investment with a projected -5.01% first-year return on $117k initial cash invested.
-5.01%
Cash On Cash
5.97%
Cap Rate
0.88
DSCR
$4,305
Rent
-$490
Cashflow
Cash Flow
$4,305 income − $4,795 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,305
Total Expenses
$4,795
Mortgage P&I
62%
$2,672
Property Taxes
11%
$493
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474