This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $116k initial cash invested.
-1.34%
Cash On Cash
6.89%
Cap Rate
1.03
DSCR
$5,164
Rent
-$129
Cashflow
Cash Flow
$5,164 income − $5,293 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,872
Closing costs
1%
$4,644
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,164
Total Expenses
$5,293
Mortgage P&I
50%
$2,588
Property Taxes
15%
$786
Home Insurance
3%
$162
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568