This property looks like a bad Mid-Term investment with a projected -10.55% first-year return on $117k initial cash invested.
-10.55%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$3,096
Rent
-$1,025
Cashflow
Cash Flow
$3,096 income − $4,121 expenses = $1,025 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%
$93,860
Closing costs
1%
$4,693
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$4,121
Mortgage P&I
83%
$2,579
Property Taxes
10%
$317
Home Insurance
6%
$171
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341