This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $116k initial cash invested.
-7.2%
Cash On Cash
5%
Cap Rate
0.78
DSCR
$3,633
Rent
-$695
Cashflow
Cash Flow
$3,633 income − $4,328 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,140
Closing costs
1%
$4,657
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,633
Total Expenses
$4,328
Mortgage P&I
69%
$2,492
Property Taxes
12%
$435
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400