This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $116k initial cash invested.
-6.23%
Cash On Cash
5.4%
Cap Rate
0.82
DSCR
$3,650
Rent
-$600
Cashflow
Cash Flow
$3,650 income − $4,250 expenses = $600 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
$3,650
Total Expenses
$4,250
Mortgage P&I
70%
$2,546
Property Taxes
8%
$299
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402