This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $115k initial cash invested.
-2.88%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$4,070
Rent
-$276
Cashflow
Cash Flow
$4,070 income − $4,346 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,500
Closing costs
1%
$4,625
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,070
Total Expenses
$4,346
Mortgage P&I
63%
$2,575
Property Taxes
5%
$215
Home Insurance
4%
$163
HOA
0%
$9
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448