This property looks like a bad Mid-Term investment with a projected -13.02% first-year return on $116k initial cash invested.
-13.02%
Cash On Cash
3.48%
Cap Rate
0.54
DSCR
$2,310
Rent
-$1,262
Cashflow
Cash Flow
$2,310 income − $3,572 expenses = $1,262 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
$2,310
Total Expenses
$3,572
Mortgage P&I
109%
$2,528
Property Taxes
4%
$96
Home Insurance
7%
$164
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254