This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $115k initial cash invested.
-4.82%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$4,281
Rent
-$463
Cashflow
Cash Flow
$4,281 income − $4,744 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,720
Closing costs
1%
$4,636
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,281
Total Expenses
$4,744
Mortgage P&I
59%
$2,519
Property Taxes
14%
$606
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471