This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $116k initial cash invested.
-5.29%
Cash On Cash
5.58%
Cap Rate
0.86
DSCR
$4,041
Rent
-$510
Cashflow
Cash Flow
$4,041 income − $4,551 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,041
Total Expenses
$4,551
Mortgage P&I
62%
$2,512
Property Taxes
12%
$493
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445