This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $116k initial cash invested.
-8.71%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$3,110
Rent
-$843
Cashflow
Cash Flow
$3,110 income − $3,953 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,440
Closing costs
1%
$4,672
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,110
Total Expenses
$3,953
Mortgage P&I
80%
$2,494
Property Taxes
8%
$239
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342