This property looks like a bad Mid-Term investment with a projected -6.59% first-year return on $115k initial cash invested.
-6.59%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$3,764
Rent
-$631
Cashflow
Cash Flow
$3,764 income − $4,395 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,220
Closing costs
1%
$4,611
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,764
Total Expenses
$4,395
Mortgage P&I
67%
$2,540
Property Taxes
10%
$385
Home Insurance
4%
$168
HOA
1%
$21
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414