This property looks like a bad Mid-Term investment with a projected -7.49% first-year return on $116k initial cash invested.
-7.49%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$3,522
Rent
-$725
Cashflow
Cash Flow
$3,522 income − $4,247 expenses = $725 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,420
Closing costs
1%
$4,671
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,522
Total Expenses
$4,247
Mortgage P&I
72%
$2,519
Property Taxes
11%
$386
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$387