This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $117k initial cash invested.
-3.33%
Cash On Cash
6.08%
Cap Rate
0.94
DSCR
$4,329
Rent
-$325
Cashflow
Cash Flow
$4,329 income − $4,654 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,240
Closing costs
1%
$4,712
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,329
Total Expenses
$4,654
Mortgage P&I
59%
$2,540
Property Taxes
11%
$473
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476