This property looks like a bad Mid-Term investment with a projected -15.64% first-year return on $115k initial cash invested.
-15.64%
Cash On Cash
3.07%
Cap Rate
0.46
DSCR
$2,493
Rent
-$1,502
Cashflow
Cash Flow
$2,493 income − $3,995 expenses = $1,502 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,580
Closing costs
1%
$4,629
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,493
Total Expenses
$3,995
Mortgage P&I
104%
$2,586
Property Taxes
16%
$395
Home Insurance
7%
$166
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274