This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $116k initial cash invested.
-3.3%
Cash On Cash
5.98%
Cap Rate
0.94
DSCR
$4,132
Rent
-$318
Cashflow
Cash Flow
$4,132 income − $4,450 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,132
Total Expenses
$4,450
Mortgage P&I
60%
$2,471
Property Taxes
10%
$411
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$455