This property looks like a bad Mid-Term investment with a projected -6.11% first-year return on $115k initial cash invested.
-6.11%
Cash On Cash
5.62%
Cap Rate
0.83
DSCR
$3,732
Rent
-$587
Cashflow
Cash Flow
$3,732 income − $4,319 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,732
Total Expenses
$4,319
Mortgage P&I
70%
$2,610
Property Taxes
7%
$276
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411