This property looks like a bad Mid-Term investment with a projected -12.45% first-year return on $115k initial cash invested.
-12.45%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$2,979
Rent
-$1,191
Cashflow
Cash Flow
$2,979 income − $4,170 expenses = $1,191 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,200
Closing costs
1%
$4,610
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,979
Total Expenses
$4,170
Mortgage P&I
87%
$2,592
Property Taxes
10%
$286
Home Insurance
9%
$280
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328