This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $115k initial cash invested.
-2.61%
Cash On Cash
6.3%
Cap Rate
0.97
DSCR
$4,352
Rent
-$251
Cashflow
Cash Flow
$4,352 income − $4,603 expenses = $251 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%
$92,740
Closing costs
1%
$4,637
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,352
Total Expenses
$4,603
Mortgage P&I
58%
$2,510
Property Taxes
10%
$447
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479