This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $116k initial cash invested.
-4.65%
Cash On Cash
5.7%
Cap Rate
0.88
DSCR
$3,724
Rent
-$448
Cashflow
Cash Flow
$3,724 income − $4,172 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,724
Total Expenses
$4,172
Mortgage P&I
67%
$2,506
Property Taxes
6%
$236
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410