This property looks like a bad Mid-Term investment with a projected -10.98% first-year return on $117k initial cash invested.
-10.98%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$3,123
Rent
-$1,069
Cashflow
Cash Flow
$3,123 income − $4,192 expenses = $1,069 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%
$94,080
Closing costs
1%
$4,704
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$4,192
Mortgage P&I
84%
$2,611
Property Taxes
11%
$347
Home Insurance
5%
$171
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344