This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $115k initial cash invested.
-3.79%
Cash On Cash
5.89%
Cap Rate
0.91
DSCR
$3,796
Rent
-$363
Cashflow
Cash Flow
$3,796 income − $4,159 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,796
Total Expenses
$4,159
Mortgage P&I
65%
$2,477
Property Taxes
6%
$228
Home Insurance
4%
$162
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418