This property looks like a bad Mid-Term investment with a projected -9.66% first-year return on $115k initial cash invested.
-9.66%
Cash On Cash
4.26%
Cap Rate
0.67
DSCR
$3,357
Rent
-$926
Cashflow
Cash Flow
$3,357 income − $4,283 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,360
Closing costs
1%
$4,618
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,357
Total Expenses
$4,283
Mortgage P&I
72%
$2,432
Property Taxes
14%
$486
Home Insurance
7%
$224
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369