This property looks like a bad Mid-Term investment with a projected -0.77% first-year return on $115k initial cash invested.
-0.77%
Cash On Cash
6.8%
Cap Rate
1.05
DSCR
$5,116
Rent
-$74
Cashflow
Cash Flow
$5,116 income − $5,190 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,480
Closing costs
1%
$4,624
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,116
Total Expenses
$5,190
Mortgage P&I
49%
$2,489
Property Taxes
16%
$811
Home Insurance
3%
$150
HOA
0%
$0
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$153
Maintenance
4%
$205
Other
11%
$563