This property looks like a bad Mid-Term investment with a projected -7.93% first-year return on $115k initial cash invested.
-7.93%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$3,976
Rent
-$758
Cashflow
Cash Flow
$3,976 income − $4,734 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,140
Closing costs
1%
$4,607
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,976
Total Expenses
$4,734
Mortgage P&I
63%
$2,509
Property Taxes
16%
$647
Home Insurance
5%
$189
HOA
1%
$38
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437