This property looks like a bad Mid-Term investment with a projected -4.22% first-year return on $115k initial cash invested.
-4.22%
Cash On Cash
5.51%
Cap Rate
0.9
DSCR
$4,412
Rent
-$403
Cashflow
Cash Flow
$4,412 income − $4,815 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,940
Closing costs
1%
$4,597
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,412
Total Expenses
$4,815
Mortgage P&I
53%
$2,338
Property Taxes
19%
$835
Home Insurance
3%
$144
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485