This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $116k initial cash invested.
-3.34%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$3,765
Rent
-$324
Cashflow
Cash Flow
$3,765 income − $4,089 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,720
Closing costs
1%
$4,686
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,765
Total Expenses
$4,089
Mortgage P&I
67%
$2,509
Property Taxes
3%
$96
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414