This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $116k initial cash invested.
-8.47%
Cash On Cash
4.67%
Cap Rate
0.73
DSCR
$3,320
Rent
-$820
Cashflow
Cash Flow
$3,320 income − $4,140 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,440
Closing costs
1%
$4,672
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$4,140
Mortgage P&I
76%
$2,507
Property Taxes
10%
$330
Home Insurance
5%
$164
HOA
0%
$10
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365