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
5.28%
Cap Rate
0.82
DSCR
$3,722
Rent
-$594
Cashflow
Cash Flow
$3,722 income − $4,316 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,740
Closing costs
1%
$4,637
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,722
Total Expenses
$4,316
Mortgage P&I
67%
$2,487
Property Taxes
8%
$300
Home Insurance
5%
$168
HOA
3%
$95
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409