This property looks like a bad Mid-Term investment with a projected -9.68% first-year return on $116k initial cash invested.
-9.68%
Cash On Cash
4.59%
Cap Rate
0.69
DSCR
$3,243
Rent
-$932
Cashflow
Cash Flow
$3,243 income − $4,175 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,920
Closing costs
1%
$4,646
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$4,175
Mortgage P&I
80%
$2,580
Property Taxes
8%
$269
Home Insurance
5%
$166
HOA
2%
$57
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357