This property looks like a bad Mid-Term investment with a projected -2.82% first-year return on $117k initial cash invested.
-2.82%
Cash On Cash
5.77%
Cap Rate
0.95
DSCR
$3,711
Rent
-$275
Cashflow
Cash Flow
$3,711 income − $3,986 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,200
Closing costs
1%
$4,710
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,711
Total Expenses
$3,986
Mortgage P&I
64%
$2,390
Property Taxes
4%
$166
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408