This property looks like a bad Mid-Term investment with a projected -9.52% first-year return on $117k initial cash invested.
-9.52%
Cash On Cash
4.35%
Cap Rate
0.68
DSCR
$3,336
Rent
-$924
Cashflow
Cash Flow
$3,336 income − $4,260 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,820
Closing costs
1%
$4,691
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,336
Total Expenses
$4,260
Mortgage P&I
75%
$2,493
Property Taxes
14%
$453
Home Insurance
5%
$181
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367