This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $115k initial cash invested.
-6.57%
Cash On Cash
5.31%
Cap Rate
0.81
DSCR
$3,546
Rent
-$629
Cashflow
Cash Flow
$3,546 income − $4,175 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,220
Closing costs
1%
$4,611
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,546
Total Expenses
$4,175
Mortgage P&I
71%
$2,526
Property Taxes
7%
$263
Home Insurance
5%
$180
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390