This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $116k initial cash invested.
-4.56%
Cash On Cash
5.54%
Cap Rate
0.89
DSCR
$4,462
Rent
-$439
Cashflow
Cash Flow
$4,462 income − $4,901 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,960
Closing costs
1%
$4,648
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,462
Total Expenses
$4,901
Mortgage P&I
54%
$2,407
Property Taxes
18%
$794
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491