This property looks like a bad Mid-Term investment with a projected -11.24% first-year return on $117k initial cash invested.
-11.24%
Cash On Cash
3.58%
Cap Rate
0.59
DSCR
$2,610
Rent
-$1,095
Cashflow
Cash Flow
$2,610 income − $3,705 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,610
Total Expenses
$3,705
Mortgage P&I
92%
$2,397
Property Taxes
10%
$249
Home Insurance
7%
$173
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287