This property looks like a bad Mid-Term investment with a projected -2.21% first-year return on $116k initial cash invested.
-2.21%
Cash On Cash
6.48%
Cap Rate
0.98
DSCR
$4,076
Rent
-$213
Cashflow
Cash Flow
$4,076 income − $4,289 expenses = $213 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
$4,076
Total Expenses
$4,289
Mortgage P&I
63%
$2,561
Property Taxes
4%
$180
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448