This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $117k initial cash invested.
-4.32%
Cash On Cash
5.98%
Cap Rate
0.9
DSCR
$3,916
Rent
-$422
Cashflow
Cash Flow
$3,916 income − $4,338 expenses = $422 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%
$94,540
Closing costs
1%
$4,727
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,916
Total Expenses
$4,338
Mortgage P&I
67%
$2,622
Property Taxes
6%
$218
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431