This property looks like a bad Mid-Term investment with a projected -8.22% first-year return on $116k initial cash invested.
-8.22%
Cash On Cash
4.42%
Cap Rate
0.72
DSCR
$2,976
Rent
-$793
Cashflow
Cash Flow
$2,976 income − $3,769 expenses = $793 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,060
Closing costs
1%
$4,653
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,976
Total Expenses
$3,769
Mortgage P&I
80%
$2,386
Property Taxes
7%
$204
Home Insurance
6%
$168
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327