This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $116k initial cash invested.
-3.14%
Cash On Cash
6.4%
Cap Rate
0.95
DSCR
$4,150
Rent
-$305
Cashflow
Cash Flow
$4,150 income − $4,455 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,780
Closing costs
1%
$4,689
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,150
Total Expenses
$4,455
Mortgage P&I
64%
$2,639
Property Taxes
6%
$243
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456