This property looks like a bad Mid-Term investment with a projected -3.11% first-year return on $116k initial cash invested.
-3.11%
Cash On Cash
6.21%
Cap Rate
0.95
DSCR
$4,191
Rent
-$302
Cashflow
Cash Flow
$4,191 income − $4,493 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,191
Total Expenses
$4,493
Mortgage P&I
61%
$2,560
Property Taxes
8%
$336
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461