This property looks like a bad Mid-Term investment with a projected -10.32% first-year return on $116k initial cash invested.
-10.32%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$2,714
Rent
-$994
Cashflow
Cash Flow
$2,714 income − $3,708 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,940
Closing costs
1%
$4,647
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$3,708
Mortgage P&I
91%
$2,468
Property Taxes
5%
$148
Home Insurance
6%
$168
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299