This property looks like a bad Mid-Term investment with a projected -5.96% first-year return on $117k initial cash invested.
-5.96%
Cash On Cash
5.53%
Cap Rate
0.83
DSCR
$3,656
Rent
-$583
Cashflow
Cash Flow
$3,656 income − $4,239 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,656
Total Expenses
$4,239
Mortgage P&I
72%
$2,618
Property Taxes
6%
$208
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402