This property looks like a bad Mid-Term investment with a projected -4.88% first-year return on $115k initial cash invested.
-4.88%
Cash On Cash
5.71%
Cap Rate
0.88
DSCR
$3,996
Rent
-$469
Cashflow
Cash Flow
$3,996 income − $4,465 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,760
Closing costs
1%
$4,638
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,996
Total Expenses
$4,465
Mortgage P&I
63%
$2,516
Property Taxes
10%
$388
Home Insurance
4%
$168
HOA
1%
$33
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440