This property looks like a bad Mid-Term investment with a projected -8.39% first-year return on $117k initial cash invested.
-8.39%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$3,276
Rent
-$816
Cashflow
Cash Flow
$3,276 income − $4,092 expenses = $816 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
$3,276
Total Expenses
$4,092
Mortgage P&I
80%
$2,607
Property Taxes
5%
$163
Home Insurance
5%
$164
HOA
1%
$45
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360