This property looks like a bad Mid-Term investment with a projected -10.87% first-year return on $116k initial cash invested.
-10.87%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$3,543
Rent
-$1,050
Cashflow
Cash Flow
$3,543 income − $4,593 expenses = $1,050 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%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,543
Total Expenses
$4,593
Mortgage P&I
72%
$2,537
Property Taxes
11%
$395
Home Insurance
5%
$166
HOA
8%
$290
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390