This property looks like a bad Mid-Term investment with a projected -6.37% first-year return on $117k initial cash invested.
-6.37%
Cash On Cash
5.28%
Cap Rate
0.82
DSCR
$3,836
Rent
-$619
Cashflow
Cash Flow
$3,836 income − $4,455 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,880
Closing costs
1%
$4,694
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$4,455
Mortgage P&I
66%
$2,530
Property Taxes
12%
$457
Home Insurance
4%
$165
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422