This property looks like a bad Mid-Term investment with a projected -4.49% first-year return on $116k initial cash invested.
-4.49%
Cash On Cash
5.61%
Cap Rate
0.88
DSCR
$3,549
Rent
-$436
Cashflow
Cash Flow
$3,549 income − $3,985 expenses = $436 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
$3,549
Total Expenses
$3,985
Mortgage P&I
70%
$2,485
Property Taxes
3%
$103
Home Insurance
5%
$164
HOA
1%
$27
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390