This property looks like a bad Mid-Term investment with a projected -3.54% first-year return on $115k initial cash invested.
-3.54%
Cash On Cash
5.83%
Cap Rate
0.92
DSCR
$3,778
Rent
-$338
Cashflow
Cash Flow
$3,778 income − $4,116 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,778
Total Expenses
$4,116
Mortgage P&I
64%
$2,423
Property Taxes
7%
$248
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416