This property looks like a bad Mid-Term investment with a projected -1.22% first-year return on $117k initial cash invested.
-1.22%
Cash On Cash
6.64%
Cap Rate
1.02
DSCR
$4,500
Rent
-$119
Cashflow
Cash Flow
$4,500 income − $4,619 expenses = $119 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%
$94,520
Closing costs
1%
$4,726
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,500
Total Expenses
$4,619
Mortgage P&I
57%
$2,553
Property Taxes
8%
$361
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495