This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $116k initial cash invested.
-5.48%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$3,708
Rent
-$531
Cashflow
Cash Flow
$3,708 income − $4,239 expenses = $531 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%
$93,580
Closing costs
1%
$4,679
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,708
Total Expenses
$4,239
Mortgage P&I
70%
$2,592
Property Taxes
6%
$223
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408