This property looks like a bad Mid-Term investment with a projected -2.46% first-year return on $116k initial cash invested.
-2.46%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$4,666
Rent
-$237
Cashflow
Cash Flow
$4,666 income − $4,903 expenses = $237 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
$4,666
Total Expenses
$4,903
Mortgage P&I
54%
$2,537
Property Taxes
10%
$461
Home Insurance
3%
$163
HOA
3%
$155
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513