This property looks like a bad Mid-Term investment with a projected -13.04% first-year return on $117k initial cash invested.
-13.04%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$2,464
Rent
-$1,269
Cashflow
Cash Flow
$2,464 income − $3,733 expenses = $1,269 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,040
Closing costs
1%
$4,702
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,464
Total Expenses
$3,733
Mortgage P&I
105%
$2,579
Property Taxes
5%
$135
Home Insurance
7%
$170
HOA
0%
$10
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271