This property looks like a bad Mid-Term investment with a projected -14.36% first-year return on $117k initial cash invested.
-14.36%
Cash On Cash
3.06%
Cap Rate
0.48
DSCR
$2,558
Rent
-$1,406
Cashflow
Cash Flow
$2,558 income − $3,964 expenses = $1,406 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,740
Closing costs
1%
$4,737
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,558
Total Expenses
$3,964
Mortgage P&I
98%
$2,510
Property Taxes
16%
$414
Home Insurance
7%
$171
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281