This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $117k initial cash invested.
-0.95%
Cash On Cash
6.87%
Cap Rate
1.04
DSCR
$4,659
Rent
-$92
Cashflow
Cash Flow
$4,659 income − $4,751 expenses = $92 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%
$93,920
Closing costs
1%
$4,696
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,659
Total Expenses
$4,751
Mortgage P&I
56%
$2,593
Property Taxes
9%
$409
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512