This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $115k initial cash invested.
-5.92%
Cash On Cash
5.39%
Cap Rate
0.83
DSCR
$3,801
Rent
-$568
Cashflow
Cash Flow
$3,801 income − $4,369 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,440
Closing costs
1%
$4,622
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,801
Total Expenses
$4,369
Mortgage P&I
66%
$2,492
Property Taxes
11%
$419
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418