This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $117k initial cash invested.
-7.39%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$3,316
Rent
-$720
Cashflow
Cash Flow
$3,316 income − $4,036 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,160
Closing costs
1%
$4,708
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,316
Total Expenses
$4,036
Mortgage P&I
79%
$2,616
Property Taxes
4%
$122
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365