This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $116k initial cash invested.
-5.28%
Cash On Cash
5.74%
Cap Rate
0.86
DSCR
$3,990
Rent
-$508
Cashflow
Cash Flow
$3,990 income − $4,498 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,900
Closing costs
1%
$4,645
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$4,498
Mortgage P&I
64%
$2,569
Property Taxes
10%
$405
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439