This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $116k initial cash invested.
-7.55%
Cash On Cash
4.92%
Cap Rate
0.76
DSCR
$3,276
Rent
-$732
Cashflow
Cash Flow
$3,276 income − $4,008 expenses = $732 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,700
Closing costs
1%
$4,685
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,276
Total Expenses
$4,008
Mortgage P&I
77%
$2,522
Property Taxes
5%
$165
Home Insurance
5%
$166
HOA
1%
$42
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360