This property looks like a bad Mid-Term investment with a projected -6.96% first-year return on $116k initial cash invested.
-6.96%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$3,264
Rent
-$672
Cashflow
Cash Flow
$3,264 income − $3,936 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,140
Closing costs
1%
$4,657
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,264
Total Expenses
$3,936
Mortgage P&I
78%
$2,547
Property Taxes
3%
$112
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359