This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $115k initial cash invested.
-3.92%
Cash On Cash
5.95%
Cap Rate
0.92
DSCR
$4,448
Rent
-$375
Cashflow
Cash Flow
$4,448 income − $4,823 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,320
Closing costs
1%
$4,616
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,448
Total Expenses
$4,823
Mortgage P&I
56%
$2,484
Property Taxes
15%
$670
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489