This property looks like a bad Mid-Term investment with a projected -7.04% first-year return on $117k initial cash invested.
-7.04%
Cash On Cash
5.38%
Cap Rate
0.8
DSCR
$3,648
Rent
-$685
Cashflow
Cash Flow
$3,648 income − $4,333 expenses = $685 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,080
Closing costs
1%
$4,704
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,648
Total Expenses
$4,333
Mortgage P&I
73%
$2,646
Property Taxes
8%
$281
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401