This property looks like a bad Mid-Term investment with a projected -9.95% first-year return on $116k initial cash invested.
-9.95%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$2,772
Rent
-$960
Cashflow
Cash Flow
$2,772 income − $3,732 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,100
Closing costs
1%
$4,655
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,772
Total Expenses
$3,732
Mortgage P&I
91%
$2,535
Property Taxes
3%
$81
Home Insurance
6%
$173
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305