This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $115k initial cash invested.
-7.52%
Cash On Cash
5.06%
Cap Rate
0.77
DSCR
$3,488
Rent
-$718
Cashflow
Cash Flow
$3,488 income − $4,206 expenses = $718 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,488
Total Expenses
$4,206
Mortgage P&I
72%
$2,519
Property Taxes
10%
$338
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384