This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $115k initial cash invested.
-5.82%
Cash On Cash
5.3%
Cap Rate
0.83
DSCR
$3,270
Rent
-$556
Cashflow
Cash Flow
$3,270 income − $3,826 expenses = $556 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,270
Total Expenses
$3,826
Mortgage P&I
75%
$2,458
Property Taxes
3%
$95
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360