This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $115k initial cash invested.
-2.2%
Cash On Cash
6.04%
Cap Rate
0.98
DSCR
$4,245
Rent
-$210
Cashflow
Cash Flow
$4,245 income − $4,455 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,180
Closing costs
1%
$4,609
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$4,455
Mortgage P&I
56%
$2,360
Property Taxes
11%
$486
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467