This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $117k initial cash invested.
-3.52%
Cash On Cash
6.04%
Cap Rate
0.93
DSCR
$4,228
Rent
-$344
Cashflow
Cash Flow
$4,228 income − $4,572 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,560
Closing costs
1%
$4,728
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,228
Total Expenses
$4,572
Mortgage P&I
60%
$2,554
Property Taxes
9%
$369
Home Insurance
4%
$172
HOA
1%
$40
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465