This property looks like a bad Mid-Term investment with a projected -7.25% first-year return on $115k initial cash invested.
-7.25%
Cash On Cash
4.81%
Cap Rate
0.77
DSCR
$3,340
Rent
-$697
Cashflow
Cash Flow
$3,340 income − $4,037 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,680
Closing costs
1%
$4,634
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,340
Total Expenses
$4,037
Mortgage P&I
72%
$2,421
Property Taxes
9%
$312
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367