This property looks like a bad Mid-Term investment with a projected -4.91% first-year return on $116k initial cash invested.
-4.91%
Cash On Cash
5.62%
Cap Rate
0.88
DSCR
$4,077
Rent
-$473
Cashflow
Cash Flow
$4,077 income − $4,550 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,077
Total Expenses
$4,550
Mortgage P&I
61%
$2,489
Property Taxes
11%
$458
Home Insurance
4%
$164
HOA
1%
$54
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448