This property looks like a bad Mid-Term investment with a projected -10.42% first-year return on $117k initial cash invested.
-10.42%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$3,345
Rent
-$1,019
Cashflow
Cash Flow
$3,345 income − $4,364 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,345
Total Expenses
$4,364
Mortgage P&I
77%
$2,581
Property Taxes
14%
$478
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368