This property looks like a bad Mid-Term investment with a projected -3.99% first-year return on $115k initial cash invested.
-3.99%
Cash On Cash
5.94%
Cap Rate
0.91
DSCR
$3,954
Rent
-$383
Cashflow
Cash Flow
$3,954 income − $4,337 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,680
Closing costs
1%
$4,634
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,954
Total Expenses
$4,337
Mortgage P&I
64%
$2,518
Property Taxes
8%
$305
Home Insurance
4%
$163
HOA
0%
$7
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435