This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $116k initial cash invested.
-5.59%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$3,796
Rent
-$541
Cashflow
Cash Flow
$3,796 income − $4,337 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,796
Total Expenses
$4,337
Mortgage P&I
63%
$2,389
Property Taxes
10%
$362
Home Insurance
4%
$168
HOA
3%
$126
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418