This property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $117k initial cash invested.
-1.3%
Cash On Cash
6.51%
Cap Rate
1.02
DSCR
$4,395
Rent
-$126
Cashflow
Cash Flow
$4,395 income − $4,521 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,395
Total Expenses
$4,521
Mortgage P&I
57%
$2,500
Property Taxes
8%
$363
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483