This property looks like a bad Mid-Term investment with a projected -1.48% first-year return on $115k initial cash invested.
-1.48%
Cash On Cash
6.74%
Cap Rate
1.01
DSCR
$4,346
Rent
-$142
Cashflow
Cash Flow
$4,346 income − $4,488 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,160
Closing costs
1%
$4,608
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,346
Total Expenses
$4,488
Mortgage P&I
59%
$2,558
Property Taxes
6%
$251
Home Insurance
4%
$164
HOA
1%
$37
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478