This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $116k initial cash invested.
-2.05%
Cash On Cash
6.48%
Cap Rate
1
DSCR
$4,622
Rent
-$197
Cashflow
Cash Flow
$4,622 income − $4,819 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,940
Closing costs
1%
$4,647
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,622
Total Expenses
$4,819
Mortgage P&I
55%
$2,520
Property Taxes
12%
$542
Home Insurance
4%
$185
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$508