This property looks like a bad Mid-Term investment with a projected -9.75% first-year return on $116k initial cash invested.
-9.75%
Cash On Cash
4.54%
Cap Rate
0.69
DSCR
$3,381
Rent
-$941
Cashflow
Cash Flow
$3,381 income − $4,322 expenses = $941 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,140
Closing costs
1%
$4,657
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,381
Total Expenses
$4,322
Mortgage P&I
76%
$2,567
Property Taxes
13%
$431
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372