This property looks like a bad Mid-Term investment with a projected -8.61% first-year return on $116k initial cash invested.
-8.61%
Cash On Cash
5.02%
Cap Rate
0.73
DSCR
$3,182
Rent
-$830
Cashflow
Cash Flow
$3,182 income − $4,012 expenses = $830 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,182
Total Expenses
$4,012
Mortgage P&I
83%
$2,648
Property Taxes
4%
$117
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350