This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $116k initial cash invested.
-5.33%
Cash On Cash
5.65%
Cap Rate
0.86
DSCR
$3,816
Rent
-$514
Cashflow
Cash Flow
$3,816 income − $4,330 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,816
Total Expenses
$4,330
Mortgage P&I
67%
$2,550
Property Taxes
8%
$319
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$420