This property looks like a bad Mid-Term investment with a projected -1.36% first-year return on $115k initial cash invested.
-1.36%
Cash On Cash
6.62%
Cap Rate
1.02
DSCR
$4,233
Rent
-$131
Cashflow
Cash Flow
$4,233 income − $4,364 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,840
Closing costs
1%
$4,642
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,233
Total Expenses
$4,364
Mortgage P&I
60%
$2,523
Property Taxes
5%
$215
Home Insurance
4%
$166
HOA
1%
$21
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466