This property looks like a bad Mid-Term investment with a projected -5.88% first-year return on $115k initial cash invested.
-5.88%
Cash On Cash
5.13%
Cap Rate
0.83
DSCR
$4,014
Rent
-$565
Cashflow
Cash Flow
$4,014 income − $4,579 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,580
Closing costs
1%
$4,629
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,014
Total Expenses
$4,579
Mortgage P&I
59%
$2,382
Property Taxes
16%
$624
Home Insurance
4%
$166
HOA
1%
$41
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442