This property looks like a bad Mid-Term investment with a projected -2.89% first-year return on $115k initial cash invested.
-2.89%
Cash On Cash
5.98%
Cap Rate
0.96
DSCR
$4,449
Rent
-$277
Cashflow
Cash Flow
$4,449 income − $4,726 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,320
Closing costs
1%
$4,616
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,449
Total Expenses
$4,726
Mortgage P&I
54%
$2,398
Property Taxes
15%
$658
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489