This property looks like a bad Mid-Term investment with a projected -2.71% first-year return on $115k initial cash invested.
-2.71%
Cash On Cash
6.24%
Cap Rate
0.96
DSCR
$4,220
Rent
-$259
Cashflow
Cash Flow
$4,220 income − $4,479 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,220
Total Expenses
$4,479
Mortgage P&I
59%
$2,481
Property Taxes
10%
$402
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464