This property looks like a bad Mid-Term investment with a projected -4.53% first-year return on $117k initial cash invested.
-4.53%
Cash On Cash
5.73%
Cap Rate
0.89
DSCR
$3,754
Rent
-$440
Cashflow
Cash Flow
$3,754 income − $4,194 expenses = $440 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%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,754
Total Expenses
$4,194
Mortgage P&I
67%
$2,532
Property Taxes
6%
$222
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413