This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $115k initial cash invested.
-9.15%
Cash On Cash
4.44%
Cap Rate
0.69
DSCR
$2,877
Rent
-$880
Cashflow
Cash Flow
$2,877 income − $3,757 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,760
Closing costs
1%
$4,638
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,877
Total Expenses
$3,757
Mortgage P&I
86%
$2,481
Property Taxes
5%
$133
Home Insurance
6%
$166
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316