This property looks like a bad Mid-Term investment with a projected -6.55% first-year return on $116k initial cash invested.
-6.55%
Cash On Cash
5.46%
Cap Rate
0.82
DSCR
$4,377
Rent
-$633
Cashflow
Cash Flow
$4,377 income − $5,010 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,377
Total Expenses
$5,010
Mortgage P&I
59%
$2,579
Property Taxes
18%
$778
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481