This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $117k initial cash invested.
-1.24%
Cash On Cash
6.62%
Cap Rate
1.02
DSCR
$4,413
Rent
-$121
Cashflow
Cash Flow
$4,413 income − $4,534 expenses = $121 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%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,413
Total Expenses
$4,534
Mortgage P&I
58%
$2,538
Property Taxes
7%
$308
Home Insurance
4%
$187
HOA
0%
$0
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$485