This property looks like a bad Mid-Term investment with a projected -5.76% first-year return on $116k initial cash invested.
-5.76%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$4,389
Rent
-$556
Cashflow
Cash Flow
$4,389 income − $4,945 expenses = $556 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,389
Total Expenses
$4,945
Mortgage P&I
58%
$2,539
Property Taxes
17%
$746
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483