This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $115k initial cash invested.
-6.1%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$3,615
Rent
-$583
Cashflow
Cash Flow
$3,615 income − $4,198 expenses = $583 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%
$92,080
Closing costs
1%
$4,604
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,615
Total Expenses
$4,198
Mortgage P&I
69%
$2,487
Property Taxes
9%
$332
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398