This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $116k initial cash invested.
-2.97%
Cash On Cash
6.44%
Cap Rate
0.97
DSCR
$5,076
Rent
-$286
Cashflow
Cash Flow
$5,076 income − $5,362 expenses = $286 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%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,076
Total Expenses
$5,362
Mortgage P&I
51%
$2,578
Property Taxes
16%
$808
Home Insurance
3%
$163
HOA
2%
$88
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558