This property looks like a bad Mid-Term investment with a projected -10.65% first-year return on $116k initial cash invested.
-10.65%
Cash On Cash
3.81%
Cap Rate
0.61
DSCR
$2,523
Rent
-$1,034
Cashflow
Cash Flow
$2,523 income − $3,557 expenses = $1,034 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,523
Total Expenses
$3,557
Mortgage P&I
96%
$2,421
Property Taxes
4%
$105
Home Insurance
7%
$172
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278