This property looks like a bad Mid-Term investment with a projected -4.96% first-year return on $117k initial cash invested.
-4.96%
Cash On Cash
5.4%
Cap Rate
0.86
DSCR
$3,506
Rent
-$482
Cashflow
Cash Flow
$3,506 income − $3,988 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,506
Total Expenses
$3,988
Mortgage P&I
70%
$2,458
Property Taxes
5%
$174
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386