This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $115k initial cash invested.
-2.54%
Cash On Cash
6.27%
Cap Rate
0.97
DSCR
$4,440
Rent
-$243
Cashflow
Cash Flow
$4,440 income − $4,683 expenses = $243 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,440
Total Expenses
$4,683
Mortgage P&I
56%
$2,473
Property Taxes
12%
$544
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$488