This property looks like a bad Mid-Term investment with a projected -8.85% first-year return on $116k initial cash invested.
-8.85%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$3,620
Rent
-$853
Cashflow
Cash Flow
$3,620 income − $4,473 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,980
Closing costs
1%
$4,649
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,620
Total Expenses
$4,473
Mortgage P&I
71%
$2,575
Property Taxes
14%
$500
Home Insurance
5%
$167
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398