This property looks like a bad Mid-Term investment with a projected -3.35% first-year return on $116k initial cash invested.
-3.35%
Cash On Cash
6.07%
Cap Rate
0.94
DSCR
$4,190
Rent
-$323
Cashflow
Cash Flow
$4,190 income − $4,513 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,060
Closing costs
1%
$4,653
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,190
Total Expenses
$4,513
Mortgage P&I
60%
$2,508
Property Taxes
10%
$415
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461