This property looks like a bad Mid-Term investment with a projected -6.95% first-year return on $116k initial cash invested.
-6.95%
Cash On Cash
5.24%
Cap Rate
0.8
DSCR
$3,784
Rent
-$670
Cashflow
Cash Flow
$3,784 income − $4,454 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,020
Closing costs
1%
$4,651
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,784
Total Expenses
$4,454
Mortgage P&I
67%
$2,548
Property Taxes
12%
$456
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416