This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $115k initial cash invested.
-5.89%
Cash On Cash
5.43%
Cap Rate
0.84
DSCR
$3,927
Rent
-$563
Cashflow
Cash Flow
$3,927 income − $4,490 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,060
Closing costs
1%
$4,603
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,927
Total Expenses
$4,490
Mortgage P&I
63%
$2,488
Property Taxes
13%
$506
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432