This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $116k initial cash invested.
-10.11%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$3,286
Rent
-$975
Cashflow
Cash Flow
$3,286 income − $4,261 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,054
Closing costs
1%
$4,653
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,286
Total Expenses
$4,261
Mortgage P&I
78%
$2,548
Property Taxes
13%
$434
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361