This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $115k initial cash invested.
-5.21%
Cash On Cash
5.6%
Cap Rate
0.86
DSCR
$3,902
Rent
-$497
Cashflow
Cash Flow
$3,902 income − $4,399 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,902
Total Expenses
$4,399
Mortgage P&I
64%
$2,486
Property Taxes
11%
$421
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429