This property looks like a bad Mid-Term investment with a projected -4.55% first-year return on $116k initial cash invested.
-4.55%
Cash On Cash
5.84%
Cap Rate
0.89
DSCR
$3,958
Rent
-$439
Cashflow
Cash Flow
$3,958 income − $4,397 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,140
Closing costs
1%
$4,657
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,958
Total Expenses
$4,397
Mortgage P&I
64%
$2,548
Property Taxes
9%
$345
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435