This property looks like a bad Mid-Term investment with a projected -6.12% first-year return on $117k initial cash invested.
-6.12%
Cash On Cash
5.49%
Cap Rate
0.83
DSCR
$4,256
Rent
-$598
Cashflow
Cash Flow
$4,256 income − $4,854 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,520
Closing costs
1%
$4,726
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,256
Total Expenses
$4,854
Mortgage P&I
61%
$2,589
Property Taxes
13%
$537
Home Insurance
4%
$166
HOA
3%
$115
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468