This property looks like a bad Mid-Term investment with a projected -14.54% first-year return on $117k initial cash invested.
-14.54%
Cash On Cash
2.82%
Cap Rate
0.46
DSCR
$2,286
Rent
-$1,414
Cashflow
Cash Flow
$2,286 income − $3,700 expenses = $1,414 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,286
Total Expenses
$3,700
Mortgage P&I
106%
$2,428
Property Taxes
15%
$332
Home Insurance
7%
$164
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$69
Maintenance
4%
$91
Other
11%
$251