This property looks like a bad Mid-Term investment with a projected -8.55% first-year return on $115k initial cash invested.
-8.55%
Cash On Cash
4.66%
Cap Rate
0.72
DSCR
$3,424
Rent
-$816
Cashflow
Cash Flow
$3,424 income − $4,240 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,424
Total Expenses
$4,240
Mortgage P&I
72%
$2,466
Property Taxes
13%
$448
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377