This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $115k initial cash invested.
-6.18%
Cash On Cash
4.91%
Cap Rate
0.81
DSCR
$3,776
Rent
-$591
Cashflow
Cash Flow
$3,776 income − $4,367 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,080
Closing costs
1%
$4,604
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,776
Total Expenses
$4,367
Mortgage P&I
62%
$2,325
Property Taxes
15%
$558
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415