This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $115k initial cash invested.
-1.54%
Cash On Cash
6.34%
Cap Rate
1.01
DSCR
$4,452
Rent
-$148
Cashflow
Cash Flow
$4,452 income − $4,600 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,700
Closing costs
1%
$4,635
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,452
Total Expenses
$4,600
Mortgage P&I
54%
$2,418
Property Taxes
11%
$502
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490