This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $116k initial cash invested.
-5.87%
Cash On Cash
5.44%
Cap Rate
0.83
DSCR
$3,682
Rent
-$566
Cashflow
Cash Flow
$3,682 income − $4,248 expenses = $566 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%
$92,980
Closing costs
1%
$4,649
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,682
Total Expenses
$4,248
Mortgage P&I
69%
$2,526
Property Taxes
8%
$308
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405