This property looks like a bad Mid-Term investment with a projected -9.12% first-year return on $116k initial cash invested.
-9.12%
Cash On Cash
4.63%
Cap Rate
0.71
DSCR
$3,676
Rent
-$882
Cashflow
Cash Flow
$3,676 income − $4,558 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,676
Total Expenses
$4,558
Mortgage P&I
69%
$2,537
Property Taxes
16%
$606
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404