This property looks like a bad Mid-Term investment with a projected -7.68% first-year return on $116k initial cash invested.
-7.68%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$3,658
Rent
-$740
Cashflow
Cash Flow
$3,658 income − $4,398 expenses = $740 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%
$92,940
Closing costs
1%
$4,647
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,658
Total Expenses
$4,398
Mortgage P&I
70%
$2,551
Property Taxes
12%
$435
Home Insurance
5%
$169
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402