This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $117k initial cash invested.
-7.91%
Cash On Cash
4.6%
Cap Rate
0.74
DSCR
$3,534
Rent
-$770
Cashflow
Cash Flow
$3,534 income − $4,304 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,100
Closing costs
1%
$4,705
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,534
Total Expenses
$4,304
Mortgage P&I
69%
$2,431
Property Taxes
14%
$508
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389