This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $115k initial cash invested.
-9.03%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$3,102
Rent
-$868
Cashflow
Cash Flow
$3,102 income − $3,970 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,102
Total Expenses
$3,970
Mortgage P&I
82%
$2,534
Property Taxes
1%
$39
Home Insurance
5%
$164
HOA
6%
$179
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341