This property looks like a bad Mid-Term investment with a projected -12.1% first-year return on $116k initial cash invested.
-12.1%
Cash On Cash
3.95%
Cap Rate
0.59
DSCR
$2,439
Rent
-$1,175
Cashflow
Cash Flow
$2,439 income − $3,614 expenses = $1,175 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,439
Total Expenses
$3,614
Mortgage P&I
107%
$2,620
Property Taxes
0%
$0
Home Insurance
7%
$164
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268