This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $116k initial cash invested.
-5.2%
Cash On Cash
5.52%
Cap Rate
0.86
DSCR
$4,126
Rent
-$505
Cashflow
Cash Flow
$4,126 income − $4,631 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,126
Total Expenses
$4,631
Mortgage P&I
60%
$2,496
Property Taxes
14%
$568
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454