This property looks like a bad Mid-Term investment with a projected -8.9% first-year return on $116k initial cash invested.
-8.9%
Cash On Cash
4.9%
Cap Rate
0.73
DSCR
$3,718
Rent
-$858
Cashflow
Cash Flow
$3,718 income − $4,576 expenses = $858 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,718
Total Expenses
$4,576
Mortgage P&I
70%
$2,606
Property Taxes
15%
$542
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409