This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $116k initial cash invested.
-2.7%
Cash On Cash
6.42%
Cap Rate
0.96
DSCR
$4,044
Rent
-$261
Cashflow
Cash Flow
$4,044 income − $4,305 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,460
Closing costs
1%
$4,673
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,044
Total Expenses
$4,305
Mortgage P&I
64%
$2,598
Property Taxes
4%
$160
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445