This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $116k initial cash invested.
-3.03%
Cash On Cash
6.2%
Cap Rate
0.95
DSCR
$3,936
Rent
-$294
Cashflow
Cash Flow
$3,936 income − $4,230 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,936
Total Expenses
$4,230
Mortgage P&I
65%
$2,559
Property Taxes
4%
$170
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433