This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $115k initial cash invested.
-4.57%
Cash On Cash
5.78%
Cap Rate
0.89
DSCR
$4,264
Rent
-$438
Cashflow
Cash Flow
$4,264 income − $4,702 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,480
Closing costs
1%
$4,624
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,264
Total Expenses
$4,702
Mortgage P&I
58%
$2,494
Property Taxes
11%
$478
Home Insurance
4%
$173
HOA
2%
$106
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$469