This property looks like a bad Mid-Term investment with a projected -5.25% first-year return on $115k initial cash invested.
-5.25%
Cash On Cash
5.58%
Cap Rate
0.86
DSCR
$3,914
Rent
-$503
Cashflow
Cash Flow
$3,914 income − $4,417 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,380
Closing costs
1%
$4,619
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,914
Total Expenses
$4,417
Mortgage P&I
64%
$2,495
Property Taxes
11%
$426
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431