This property looks like a bad Mid-Term investment with a projected -9.64% first-year return on $117k initial cash invested.
-9.64%
Cash On Cash
4.54%
Cap Rate
0.69
DSCR
$3,182
Rent
-$937
Cashflow
Cash Flow
$3,182 income − $4,119 expenses = $937 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%
$93,920
Closing costs
1%
$4,696
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,182
Total Expenses
$4,119
Mortgage P&I
81%
$2,587
Property Taxes
8%
$267
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350