This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $115k initial cash invested.
-5.1%
Cash On Cash
5.7%
Cap Rate
0.87
DSCR
$4,206
Rent
-$487
Cashflow
Cash Flow
$4,206 income − $4,693 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,020
Closing costs
1%
$4,601
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,206
Total Expenses
$4,693
Mortgage P&I
60%
$2,503
Property Taxes
14%
$574
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463