This property looks like a bad Mid-Term investment with a projected -7.69% first-year return on $117k initial cash invested.
-7.69%
Cash On Cash
5.02%
Cap Rate
0.76
DSCR
$3,362
Rent
-$748
Cashflow
Cash Flow
$3,362 income − $4,110 expenses = $748 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%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,362
Total Expenses
$4,110
Mortgage P&I
77%
$2,579
Property Taxes
7%
$225
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370