This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $115k initial cash invested.
-2.61%
Cash On Cash
6.53%
Cap Rate
0.97
DSCR
$4,437
Rent
-$250
Cashflow
Cash Flow
$4,437 income − $4,687 expenses = $250 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,420
Closing costs
1%
$4,621
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,437
Total Expenses
$4,687
Mortgage P&I
58%
$2,589
Property Taxes
9%
$408
Home Insurance
4%
$170
HOA
0%
$13
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488