This property looks like a bad Mid-Term investment with a projected -6.29% first-year return on $117k initial cash invested.
-6.29%
Cash On Cash
5.51%
Cap Rate
0.83
DSCR
$3,891
Rent
-$611
Cashflow
Cash Flow
$3,891 income − $4,502 expenses = $611 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%
$93,960
Closing costs
1%
$4,698
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,891
Total Expenses
$4,502
Mortgage P&I
67%
$2,611
Property Taxes
10%
$403
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428