This property looks like a bad Mid-Term investment with a projected -12.5% first-year return on $116k initial cash invested.
-12.5%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$2,530
Rent
-$1,212
Cashflow
Cash Flow
$2,530 income − $3,742 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,530
Total Expenses
$3,742
Mortgage P&I
103%
$2,599
Property Taxes
4%
$113
Home Insurance
7%
$170
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278