This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $116k initial cash invested.
-5.43%
Cash On Cash
5.56%
Cap Rate
0.86
DSCR
$4,119
Rent
-$525
Cashflow
Cash Flow
$4,119 income − $4,644 expenses = $525 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%
$93,440
Closing costs
1%
$4,672
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,119
Total Expenses
$4,644
Mortgage P&I
61%
$2,524
Property Taxes
13%
$530
Home Insurance
5%
$189
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453