This property looks like a bad Mid-Term investment with a projected -9.58% first-year return on $115k initial cash invested.
-9.58%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$2,760
Rent
-$919
Cashflow
Cash Flow
$2,760 income − $3,679 expenses = $919 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,500
Closing costs
1%
$4,625
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,760
Total Expenses
$3,679
Mortgage P&I
89%
$2,470
Property Taxes
3%
$76
Home Insurance
6%
$166
HOA
1%
$29
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304