This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $117k initial cash invested.
-4.56%
Cash On Cash
5.42%
Cap Rate
0.88
DSCR
$3,543
Rent
-$443
Cashflow
Cash Flow
$3,543 income − $3,986 expenses = $443 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%
$93,962
Closing costs
1%
$4,698
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,543
Total Expenses
$3,986
Mortgage P&I
68%
$2,422
Property Taxes
6%
$195
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390