This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $114k initial cash invested.
-2.31%
Cash On Cash
6.31%
Cap Rate
0.99
DSCR
$4,616
Rent
-$220
Cashflow
Cash Flow
$4,616 income − $4,836 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,900
Closing costs
1%
$4,595
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,616
Total Expenses
$4,836
Mortgage P&I
53%
$2,450
Property Taxes
14%
$652
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$138
Maintenance
4%
$185
Other
11%
$508