This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $116k initial cash invested.
-5.02%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$3,798
Rent
-$485
Cashflow
Cash Flow
$3,798 income − $4,283 expenses = $485 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%
$93,340
Closing costs
1%
$4,667
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,798
Total Expenses
$4,283
Mortgage P&I
67%
$2,538
Property Taxes
7%
$264
Home Insurance
4%
$166
HOA
1%
$23
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418