This property looks like a bad Mid-Term investment with a projected -14.46% first-year return on $117k initial cash invested.
-14.46%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,331
Rent
-$1,408
Cashflow
Cash Flow
$2,331 income − $3,739 expenses = $1,408 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,160
Closing costs
1%
$4,708
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,331
Total Expenses
$3,739
Mortgage P&I
110%
$2,569
Property Taxes
6%
$147
Home Insurance
8%
$175
HOA
2%
$56
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256