This property looks like a bad Mid-Term investment with a projected -11.52% first-year return on $115k initial cash invested.
-11.52%
Cash On Cash
3.91%
Cap Rate
0.61
DSCR
$3,032
Rent
-$1,104
Cashflow
Cash Flow
$3,032 income − $4,136 expenses = $1,104 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%
$92,360
Closing costs
1%
$4,618
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,032
Total Expenses
$4,136
Mortgage P&I
82%
$2,489
Property Taxes
15%
$453
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334