This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $115k initial cash invested.
-5.31%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$4,024
Rent
-$508
Cashflow
Cash Flow
$4,024 income − $4,532 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,024
Total Expenses
$4,532
Mortgage P&I
58%
$2,334
Property Taxes
17%
$673
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443