This property looks like a bad Mid-Term investment with a projected -9.24% first-year return on $116k initial cash invested.
-9.24%
Cash On Cash
4.11%
Cap Rate
0.68
DSCR
$3,088
Rent
-$895
Cashflow
Cash Flow
$3,088 income − $3,983 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,560
Closing costs
1%
$4,678
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,088
Total Expenses
$3,983
Mortgage P&I
77%
$2,375
Property Taxes
13%
$392
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340