This property looks like a bad Mid-Term investment with a projected -8.31% first-year return on $116k initial cash invested.
-8.31%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$3,561
Rent
-$806
Cashflow
Cash Flow
$3,561 income − $4,367 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,720
Closing costs
1%
$4,686
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,561
Total Expenses
$4,367
Mortgage P&I
71%
$2,544
Property Taxes
13%
$447
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392