This property looks like a bad Mid-Term investment with a projected -7.67% first-year return on $116k initial cash invested.
-7.67%
Cash On Cash
4.83%
Cap Rate
0.76
DSCR
$3,496
Rent
-$739
Cashflow
Cash Flow
$3,496 income − $4,235 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,900
Closing costs
1%
$4,645
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,496
Total Expenses
$4,235
Mortgage P&I
71%
$2,468
Property Taxes
12%
$414
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385