This property looks like a bad Mid-Term investment with a projected -8.82% first-year return on $116k initial cash invested.
-8.82%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$3,076
Rent
-$853
Cashflow
Cash Flow
$3,076 income − $3,929 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,420
Closing costs
1%
$4,671
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,076
Total Expenses
$3,929
Mortgage P&I
83%
$2,541
Property Taxes
5%
$154
Home Insurance
6%
$189
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338