This property looks like a bad Mid-Term investment with a projected -9.12% first-year return on $116k initial cash invested.
-9.12%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$2,997
Rent
-$878
Cashflow
Cash Flow
$2,997 income − $3,875 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,900
Closing costs
1%
$4,645
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$3,875
Mortgage P&I
84%
$2,530
Property Taxes
5%
$140
Home Insurance
6%
$168
HOA
1%
$17
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330