This property looks like a bad Mid-Term investment with a projected -20.05% first-year return on $116k initial cash invested.
-20.05%
Cash On Cash
1.68%
Cap Rate
0.27
DSCR
$3,742
Rent
-$1,932
Cashflow
Cash Flow
$3,742 income − $5,674 expenses = $1,932 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,742
Total Expenses
$5,674
Mortgage P&I
65%
$2,434
Property Taxes
48%
$1,804
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412