This property looks like a bad Mid-Term investment with a projected -6.99% first-year return on $116k initial cash invested.
-6.99%
Cash On Cash
4.84%
Cap Rate
0.78
DSCR
$3,474
Rent
-$678
Cashflow
Cash Flow
$3,474 income − $4,152 expenses = $678 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,680
Closing costs
1%
$4,684
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,474
Total Expenses
$4,152
Mortgage P&I
70%
$2,430
Property Taxes
11%
$377
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382