This property looks like a bad Mid-Term investment with a projected -8.41% first-year return on $115k initial cash invested.
-8.41%
Cash On Cash
4.79%
Cap Rate
0.73
DSCR
$3,148
Rent
-$806
Cashflow
Cash Flow
$3,148 income − $3,954 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,360
Closing costs
1%
$4,618
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,148
Total Expenses
$3,954
Mortgage P&I
80%
$2,523
Property Taxes
5%
$155
Home Insurance
5%
$166
HOA
1%
$40
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346