This property looks like a bad Mid-Term investment with a projected -9.11% first-year return on $116k initial cash invested.
-9.11%
Cash On Cash
4.18%
Cap Rate
0.68
DSCR
$3,012
Rent
-$878
Cashflow
Cash Flow
$3,012 income − $3,890 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,012
Total Expenses
$3,890
Mortgage P&I
79%
$2,376
Property Taxes
11%
$329
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331