This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $115k initial cash invested.
-0.87%
Cash On Cash
6.38%
Cap Rate
1.04
DSCR
$4,270
Rent
-$83
Cashflow
Cash Flow
$4,270 income − $4,353 expenses = $83 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%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,270
Total Expenses
$4,353
Mortgage P&I
55%
$2,356
Property Taxes
9%
$384
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470