This property looks like a bad Mid-Term investment with a projected -9.02% first-year return on $116k initial cash invested.
-9.02%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$3,142
Rent
-$869
Cashflow
Cash Flow
$3,142 income − $4,011 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,142
Total Expenses
$4,011
Mortgage P&I
82%
$2,563
Property Taxes
7%
$216
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346