This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $115k initial cash invested.
-7.51%
Cash On Cash
4.64%
Cap Rate
0.75
DSCR
$3,417
Rent
-$722
Cashflow
Cash Flow
$3,417 income − $4,139 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,740
Closing costs
1%
$4,637
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,417
Total Expenses
$4,139
Mortgage P&I
70%
$2,378
Property Taxes
13%
$432
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376