This property looks like a bad Mid-Term investment with a projected -15.45% first-year return on $116k initial cash invested.
-15.45%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$2,338
Rent
-$1,497
Cashflow
Cash Flow
$2,338 income − $3,835 expenses = $1,497 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,580
Closing costs
1%
$4,679
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,338
Total Expenses
$3,835
Mortgage P&I
110%
$2,571
Property Taxes
13%
$304
Home Insurance
7%
$164
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257