This property looks like a bad Mid-Term investment with a projected -5.58% first-year return on $115k initial cash invested.
-5.58%
Cash On Cash
5.54%
Cap Rate
0.84
DSCR
$3,500
Rent
-$533
Cashflow
Cash Flow
$3,500 income − $4,033 expenses = $533 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%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,500
Total Expenses
$4,033
Mortgage P&I
72%
$2,518
Property Taxes
5%
$164
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385