This property looks like a bad Mid-Term investment with a projected -11.6% first-year return on $117k initial cash invested.
-11.6%
Cash On Cash
4.09%
Cap Rate
0.61
DSCR
$3,078
Rent
-$1,126
Cashflow
Cash Flow
$3,078 income − $4,204 expenses = $1,126 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,820
Closing costs
1%
$4,691
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,078
Total Expenses
$4,204
Mortgage P&I
85%
$2,602
Property Taxes
13%
$386
Home Insurance
6%
$170
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339