This property looks like a bad Mid-Term investment with a projected -8.01% first-year return on $117k initial cash invested.
-8.01%
Cash On Cash
4.82%
Cap Rate
0.75
DSCR
$3,687
Rent
-$779
Cashflow
Cash Flow
$3,687 income − $4,466 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,687
Total Expenses
$4,466
Mortgage P&I
68%
$2,521
Property Taxes
14%
$528
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$406