This property looks like a bad Mid-Term investment with a projected -9.16% first-year return on $116k initial cash invested.
-9.16%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$3,288
Rent
-$888
Cashflow
Cash Flow
$3,288 income − $4,176 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,600
Closing costs
1%
$4,680
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,288
Total Expenses
$4,176
Mortgage P&I
77%
$2,544
Property Taxes
11%
$346
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362