This property looks like a bad Mid-Term investment with a projected -13.71% first-year return on $117k initial cash invested.
-13.71%
Cash On Cash
3.06%
Cap Rate
0.49
DSCR
$2,242
Rent
-$1,341
Cashflow
Cash Flow
$2,242 income − $3,583 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,680
Closing costs
1%
$4,734
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,242
Total Expenses
$3,583
Mortgage P&I
110%
$2,460
Property Taxes
8%
$190
Home Insurance
8%
$170
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247