This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $116k initial cash invested.
-6.2%
Cash On Cash
5.33%
Cap Rate
0.82
DSCR
$3,741
Rent
-$598
Cashflow
Cash Flow
$3,741 income − $4,339 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,100
Closing costs
1%
$4,655
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,741
Total Expenses
$4,339
Mortgage P&I
67%
$2,514
Property Taxes
11%
$405
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412