This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $117k initial cash invested.
-6.2%
Cash On Cash
5.42%
Cap Rate
0.82
DSCR
$3,724
Rent
-$603
Cashflow
Cash Flow
$3,724 income − $4,327 expenses = $603 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
$3,724
Total Expenses
$4,327
Mortgage P&I
69%
$2,577
Property Taxes
7%
$267
Home Insurance
4%
$164
HOA
1%
$52
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410