This property looks like a bad Mid-Term investment with a projected -12.68% first-year return on $115k initial cash invested.
-12.68%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$2,542
Rent
-$1,211
Cashflow
Cash Flow
$2,542 income − $3,753 expenses = $1,211 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,542
Total Expenses
$3,753
Mortgage P&I
99%
$2,520
Property Taxes
8%
$207
Home Insurance
6%
$161
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280