This property looks like a bad Mid-Term investment with a projected -7.18% first-year return on $116k initial cash invested.
-7.18%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$3,672
Rent
-$695
Cashflow
Cash Flow
$3,672 income − $4,367 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,500
Closing costs
1%
$4,675
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,672
Total Expenses
$4,367
Mortgage P&I
70%
$2,561
Property Taxes
7%
$243
Home Insurance
5%
$172
HOA
4%
$142
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404