This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $115k initial cash invested.
-6.27%
Cash On Cash
5.55%
Cap Rate
0.83
DSCR
$4,072
Rent
-$599
Cashflow
Cash Flow
$4,072 income − $4,671 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,072
Total Expenses
$4,671
Mortgage P&I
63%
$2,562
Property Taxes
14%
$566
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448