This property looks like a bad Mid-Term investment with a projected -3.77% first-year return on $116k initial cash invested.
-3.77%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$4,620
Rent
-$366
Cashflow
Cash Flow
$4,620 income − $4,986 expenses = $366 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%
$93,740
Closing costs
1%
$4,687
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,620
Total Expenses
$4,986
Mortgage P&I
54%
$2,515
Property Taxes
16%
$718
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$508