This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $115k initial cash invested.
-2.45%
Cash On Cash
6.46%
Cap Rate
0.98
DSCR
$4,322
Rent
-$234
Cashflow
Cash Flow
$4,322 income − $4,556 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,322
Total Expenses
$4,556
Mortgage P&I
59%
$2,535
Property Taxes
9%
$402
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475