This property looks like a bad Mid-Term investment with a projected -6.04% first-year return on $115k initial cash invested.
-6.04%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$3,867
Rent
-$577
Cashflow
Cash Flow
$3,867 income − $4,444 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,867
Total Expenses
$4,444
Mortgage P&I
65%
$2,499
Property Taxes
12%
$469
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425