This property looks like a bad Mid-Term investment with a projected -5.61% first-year return on $115k initial cash invested.
-5.61%
Cash On Cash
5.28%
Cap Rate
0.83
DSCR
$3,375
Rent
-$536
Cashflow
Cash Flow
$3,375 income − $3,911 expenses = $536 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%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,375
Total Expenses
$3,911
Mortgage P&I
72%
$2,425
Property Taxes
5%
$178
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371