This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $116k initial cash invested.
-7.24%
Cash On Cash
5.05%
Cap Rate
0.78
DSCR
$3,694
Rent
-$701
Cashflow
Cash Flow
$3,694 income − $4,395 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,480
Closing costs
1%
$4,674
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,694
Total Expenses
$4,395
Mortgage P&I
68%
$2,521
Property Taxes
12%
$454
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406