This property looks like a bad Mid-Term investment with a projected -6.41% first-year return on $116k initial cash invested.
-6.41%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$3,322
Rent
-$618
Cashflow
Cash Flow
$3,322 income − $3,940 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,322
Total Expenses
$3,940
Mortgage P&I
76%
$2,531
Property Taxes
3%
$112
Home Insurance
5%
$163
HOA
0%
$4
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365