This property looks like a bad Mid-Term investment with a projected -9.69% first-year return on $117k initial cash invested.
-9.69%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$3,146
Rent
-$941
Cashflow
Cash Flow
$3,146 income − $4,087 expenses = $941 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,840
Closing costs
1%
$4,692
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,146
Total Expenses
$4,087
Mortgage P&I
81%
$2,561
Property Taxes
9%
$281
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346