This property looks like a bad Mid-Term investment with a projected -9.96% first-year return on $117k initial cash invested.
-9.96%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$2,964
Rent
-$968
Cashflow
Cash Flow
$2,964 income − $3,932 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,964
Total Expenses
$3,932
Mortgage P&I
88%
$2,616
Property Taxes
5%
$143
Home Insurance
6%
$164
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326