This property looks like a bad Mid-Term investment with a projected -7.67% first-year return on $116k initial cash invested.
-7.67%
Cash On Cash
4.97%
Cap Rate
0.76
DSCR
$3,322
Rent
-$742
Cashflow
Cash Flow
$3,322 income − $4,064 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,322
Total Expenses
$4,064
Mortgage P&I
77%
$2,543
Property Taxes
7%
$228
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365