This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $116k initial cash invested.
-2.68%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$4,874
Rent
-$260
Cashflow
Cash Flow
$4,874 income − $5,134 expenses = $260 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%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,874
Total Expenses
$5,134
Mortgage P&I
52%
$2,534
Property Taxes
16%
$779
Home Insurance
3%
$164
HOA
0%
$0
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536