This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $117k initial cash invested.
-7.51%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$3,794
Rent
-$730
Cashflow
Cash Flow
$3,794 income − $4,524 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,794
Total Expenses
$4,524
Mortgage P&I
69%
$2,628
Property Taxes
12%
$442
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417