This property looks like a bad Mid-Term investment with a projected -3.95% first-year return on $116k initial cash invested.
-3.95%
Cash On Cash
5.99%
Cap Rate
0.92
DSCR
$4,526
Rent
-$382
Cashflow
Cash Flow
$4,526 income − $4,908 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,526
Total Expenses
$4,908
Mortgage P&I
56%
$2,529
Property Taxes
15%
$679
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498