This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $116k initial cash invested.
-2.26%
Cash On Cash
6.2%
Cap Rate
0.97
DSCR
$3,824
Rent
-$219
Cashflow
Cash Flow
$3,824 income − $4,043 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,420
Closing costs
1%
$4,671
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,824
Total Expenses
$4,043
Mortgage P&I
65%
$2,481
Property Taxes
2%
$95
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421