This property looks like a bad Mid-Term investment with a projected -3.48% first-year return on $116k initial cash invested.
-3.48%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$4,188
Rent
-$335
Cashflow
Cash Flow
$4,188 income − $4,523 expenses = $335 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%
$92,940
Closing costs
1%
$4,647
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,188
Total Expenses
$4,523
Mortgage P&I
61%
$2,563
Property Taxes
9%
$368
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461