This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $115k initial cash invested.
-3.34%
Cash On Cash
5.7%
Cap Rate
0.93
DSCR
$3,891
Rent
-$319
Cashflow
Cash Flow
$3,891 income − $4,210 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,100
Closing costs
1%
$4,605
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,891
Total Expenses
$4,210
Mortgage P&I
60%
$2,351
Property Taxes
10%
$372
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428