This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $117k initial cash invested.
-3.23%
Cash On Cash
5.97%
Cap Rate
0.94
DSCR
$4,212
Rent
-$316
Cashflow
Cash Flow
$4,212 income − $4,528 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,580
Closing costs
1%
$4,729
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,212
Total Expenses
$4,528
Mortgage P&I
59%
$2,501
Property Taxes
10%
$439
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463