This property looks like a bad Mid-Term investment with a projected -6.88% first-year return on $115k initial cash invested.
-6.88%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$3,316
Rent
-$657
Cashflow
Cash Flow
$3,316 income − $3,973 expenses = $657 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%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,316
Total Expenses
$3,973
Mortgage P&I
77%
$2,566
Property Taxes
3%
$115
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365