This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $117k initial cash invested.
-7.33%
Cash On Cash
4.93%
Cap Rate
0.77
DSCR
$3,627
Rent
-$714
Cashflow
Cash Flow
$3,627 income − $4,341 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,200
Closing costs
1%
$4,710
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,627
Total Expenses
$4,341
Mortgage P&I
69%
$2,503
Property Taxes
12%
$440
Home Insurance
5%
$165
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399