This property looks like a bad Mid-Term investment with a projected -3.47% first-year return on $116k initial cash invested.
-3.47%
Cash On Cash
5.84%
Cap Rate
0.93
DSCR
$4,010
Rent
-$336
Cashflow
Cash Flow
$4,010 income − $4,346 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,500
Closing costs
1%
$4,675
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,010
Total Expenses
$4,346
Mortgage P&I
61%
$2,451
Property Taxes
9%
$369
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441