This property looks like a bad Mid-Term investment with a projected -5.72% first-year return on $116k initial cash invested.
-5.72%
Cash On Cash
5.6%
Cap Rate
0.84
DSCR
$3,748
Rent
-$551
Cashflow
Cash Flow
$3,748 income − $4,299 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,940
Closing costs
1%
$4,647
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,748
Total Expenses
$4,299
Mortgage P&I
69%
$2,568
Property Taxes
8%
$294
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412