This property looks like a bad Mid-Term investment with a projected -8.03% first-year return on $116k initial cash invested.
-8.03%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$3,222
Rent
-$774
Cashflow
Cash Flow
$3,222 income − $3,996 expenses = $774 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
$3,222
Total Expenses
$3,996
Mortgage P&I
79%
$2,545
Property Taxes
6%
$192
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354