This property looks like a bad Mid-Term investment with a projected -1.26% first-year return on $115k initial cash invested.
-1.26%
Cash On Cash
6.6%
Cap Rate
1.03
DSCR
$4,954
Rent
-$121
Cashflow
Cash Flow
$4,954 income − $5,075 expenses = $121 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,600
Closing costs
1%
$4,630
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,954
Total Expenses
$5,075
Mortgage P&I
50%
$2,470
Property Taxes
15%
$751
Home Insurance
3%
$163
HOA
0%
$7
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545