This property looks like a bad Mid-Term investment with a projected -5.78% first-year return on $115k initial cash invested.
-5.78%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$3,776
Rent
-$554
Cashflow
Cash Flow
$3,776 income − $4,330 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,400
Closing costs
1%
$4,620
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,776
Total Expenses
$4,330
Mortgage P&I
67%
$2,524
Property Taxes
10%
$361
Home Insurance
4%
$162
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415