This property looks like a bad Mid-Term investment with a projected -9.52% first-year return on $116k initial cash invested.
-9.52%
Cash On Cash
4.06%
Cap Rate
0.67
DSCR
$3,398
Rent
-$917
Cashflow
Cash Flow
$3,398 income − $4,315 expenses = $917 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%
$92,920
Closing costs
1%
$4,646
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,398
Total Expenses
$4,315
Mortgage P&I
69%
$2,354
Property Taxes
19%
$637
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374