This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $117k initial cash invested.
-8.1%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$3,981
Rent
-$787
Cashflow
Cash Flow
$3,981 income − $4,768 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,940
Closing costs
1%
$4,697
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,981
Total Expenses
$4,768
Mortgage P&I
64%
$2,543
Property Taxes
11%
$443
Home Insurance
4%
$166
HOA
7%
$263
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438