This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $116k initial cash invested.
-2.68%
Cash On Cash
6.24%
Cap Rate
0.96
DSCR
$4,251
Rent
-$260
Cashflow
Cash Flow
$4,251 income − $4,511 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,620
Closing costs
1%
$4,681
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,251
Total Expenses
$4,511
Mortgage P&I
59%
$2,525
Property Taxes
9%
$382
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468