This property looks like a bad Mid-Term investment with a projected -6.54% first-year return on $116k initial cash invested.
-6.54%
Cash On Cash
5.42%
Cap Rate
0.82
DSCR
$4,113
Rent
-$632
Cashflow
Cash Flow
$4,113 income − $4,745 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,220
Closing costs
1%
$4,661
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,113
Total Expenses
$4,745
Mortgage P&I
63%
$2,573
Property Taxes
15%
$607
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$123
Maintenance
4%
$165
Other
11%
$452