This property looks like a bad Mid-Term investment with a projected -7.17% first-year return on $117k initial cash invested.
-7.17%
Cash On Cash
5.36%
Cap Rate
0.8
DSCR
$4,623
Rent
-$697
Cashflow
Cash Flow
$4,623 income − $5,320 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,623
Total Expenses
$5,320
Mortgage P&I
56%
$2,610
Property Taxes
21%
$973
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509