This property looks like a bad Mid-Term investment with a projected -10.75% first-year return on $116k initial cash invested.
-10.75%
Cash On Cash
4.39%
Cap Rate
0.66
DSCR
$3,975
Rent
-$1,042
Cashflow
Cash Flow
$3,975 income − $5,017 expenses = $1,042 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,975
Total Expenses
$5,017
Mortgage P&I
65%
$2,596
Property Taxes
23%
$906
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437