This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $115k initial cash invested.
-2.91%
Cash On Cash
6.46%
Cap Rate
0.97
DSCR
$4,722
Rent
-$279
Cashflow
Cash Flow
$4,722 income − $5,001 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,560
Closing costs
1%
$4,628
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,722
Total Expenses
$5,001
Mortgage P&I
55%
$2,580
Property Taxes
14%
$666
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519