This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $116k initial cash invested.
-4.02%
Cash On Cash
5.69%
Cap Rate
0.91
DSCR
$4,210
Rent
-$387
Cashflow
Cash Flow
$4,210 income − $4,597 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,210
Total Expenses
$4,597
Mortgage P&I
58%
$2,425
Property Taxes
14%
$579
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463