This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $117k initial cash invested.
-8.95%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$3,442
Rent
-$875
Cashflow
Cash Flow
$3,442 income − $4,317 expenses = $875 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%
$94,620
Closing costs
1%
$4,731
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,442
Total Expenses
$4,317
Mortgage P&I
74%
$2,550
Property Taxes
12%
$428
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379