This property looks like a bad Mid-Term investment with a projected -8.45% first-year return on $116k initial cash invested.
-8.45%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$3,478
Rent
-$815
Cashflow
Cash Flow
$3,478 income − $4,293 expenses = $815 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%
$93,080
Closing costs
1%
$4,654
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$4,293
Mortgage P&I
72%
$2,508
Property Taxes
13%
$440
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383