This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $116k initial cash invested.
-2.3%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$4,011
Rent
-$222
Cashflow
Cash Flow
$4,011 income − $4,233 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,380
Closing costs
1%
$4,669
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,011
Total Expenses
$4,233
Mortgage P&I
64%
$2,580
Property Taxes
2%
$71
Home Insurance
4%
$166
HOA
1%
$54
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441