This property looks like a bad Mid-Term investment with a projected -13.19% first-year return on $117k initial cash invested.
-13.19%
Cash On Cash
3.27%
Cap Rate
0.52
DSCR
$2,286
Rent
-$1,283
Cashflow
Cash Flow
$2,286 income − $3,569 expenses = $1,283 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,286
Total Expenses
$3,569
Mortgage P&I
108%
$2,472
Property Taxes
7%
$157
Home Insurance
7%
$164
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$69
Maintenance
4%
$91
Other
11%
$251