This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $115k initial cash invested.
-7.39%
Cash On Cash
4.66%
Cap Rate
0.76
DSCR
$3,818
Rent
-$706
Cashflow
Cash Flow
$3,818 income − $4,524 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,818
Total Expenses
$4,524
Mortgage P&I
61%
$2,338
Property Taxes
19%
$726
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420