This property looks like a bad Mid-Term investment with a projected -3.98% first-year return on $115k initial cash invested.
-3.98%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$4,194
Rent
-$380
Cashflow
Cash Flow
$4,194 income − $4,574 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,194
Total Expenses
$4,574
Mortgage P&I
61%
$2,555
Property Taxes
9%
$389
Home Insurance
4%
$161
HOA
1%
$43
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461