This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $117k initial cash invested.
-3.38%
Cash On Cash
6.28%
Cap Rate
0.94
DSCR
$4,233
Rent
-$330
Cashflow
Cash Flow
$4,233 income − $4,563 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,560
Closing costs
1%
$4,728
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,233
Total Expenses
$4,563
Mortgage P&I
62%
$2,636
Property Taxes
8%
$322
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466