This property looks like a bad Mid-Term investment with a projected -3.13% first-year return on $115k initial cash invested.
-3.13%
Cash On Cash
6.17%
Cap Rate
0.95
DSCR
$4,364
Rent
-$301
Cashflow
Cash Flow
$4,364 income − $4,665 expenses = $301 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%
$92,840
Closing costs
1%
$4,642
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,364
Total Expenses
$4,665
Mortgage P&I
58%
$2,511
Property Taxes
12%
$506
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$524
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$480