This property looks like a bad Mid-Term investment with a projected -11.57% first-year return on $116k initial cash invested.
-11.57%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$3,186
Rent
-$1,115
Cashflow
Cash Flow
$3,186 income − $4,301 expenses = $1,115 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,980
Closing costs
1%
$4,649
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,186
Total Expenses
$4,301
Mortgage P&I
79%
$2,530
Property Taxes
17%
$526
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350