This property looks like a bad Mid-Term investment with a projected -7.67% first-year return on $117k initial cash invested.
-7.67%
Cash On Cash
4.65%
Cap Rate
0.75
DSCR
$3,160
Rent
-$745
Cashflow
Cash Flow
$3,160 income − $3,905 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,900
Closing costs
1%
$4,695
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,160
Total Expenses
$3,905
Mortgage P&I
77%
$2,439
Property Taxes
7%
$228
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$348