This property looks like a bad Mid-Term investment with a projected -11.97% first-year return on $115k initial cash invested.
-11.97%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$3,412
Rent
-$1,147
Cashflow
Cash Flow
$3,412 income − $4,559 expenses = $1,147 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,400
Closing costs
1%
$4,620
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,412
Total Expenses
$4,559
Mortgage P&I
75%
$2,557
Property Taxes
20%
$680
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375