This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $116k initial cash invested.
-2.37%
Cash On Cash
6.26%
Cap Rate
0.98
DSCR
$4,474
Rent
-$229
Cashflow
Cash Flow
$4,474 income − $4,703 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,300
Closing costs
1%
$4,665
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,474
Total Expenses
$4,703
Mortgage P&I
55%
$2,482
Property Taxes
11%
$498
Home Insurance
4%
$166
HOA
1%
$36
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492