This property looks like a bad Mid-Term investment with a projected -9.26% first-year return on $116k initial cash invested.
-9.26%
Cash On Cash
4.07%
Cap Rate
0.67
DSCR
$3,158
Rent
-$892
Cashflow
Cash Flow
$3,158 income − $4,050 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,158
Total Expenses
$4,050
Mortgage P&I
74%
$2,345
Property Taxes
15%
$469
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347