This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $116k initial cash invested.
-2.38%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$4,695
Rent
-$230
Cashflow
Cash Flow
$4,695 income − $4,925 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,380
Closing costs
1%
$4,669
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,695
Total Expenses
$4,925
Mortgage P&I
55%
$2,559
Property Taxes
13%
$597
Home Insurance
4%
$173
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516