This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $115k initial cash invested.
-2.66%
Cash On Cash
6.39%
Cap Rate
0.97
DSCR
$4,236
Rent
-$256
Cashflow
Cash Flow
$4,236 income − $4,492 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,800
Closing costs
1%
$4,640
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,236
Total Expenses
$4,492
Mortgage P&I
60%
$2,556
Property Taxes
8%
$335
Home Insurance
4%
$162
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466