This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $117k initial cash invested.
-5.65%
Cash On Cash
5.59%
Cap Rate
0.84
DSCR
$3,520
Rent
-$549
Cashflow
Cash Flow
$3,520 income − $4,069 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,520
Total Expenses
$4,069
Mortgage P&I
74%
$2,597
Property Taxes
3%
$111
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$387