This property looks like a bad Mid-Term investment with a projected -3.04% first-year return on $115k initial cash invested.
-3.04%
Cash On Cash
6.22%
Cap Rate
0.95
DSCR
$4,260
Rent
-$292
Cashflow
Cash Flow
$4,260 income − $4,552 expenses = $292 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%
$92,660
Closing costs
1%
$4,633
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,260
Total Expenses
$4,552
Mortgage P&I
59%
$2,524
Property Taxes
10%
$408
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$469