This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $116k initial cash invested.
-3.23%
Cash On Cash
6.21%
Cap Rate
0.94
DSCR
$4,258
Rent
-$311
Cashflow
Cash Flow
$4,258 income − $4,569 expenses = $311 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,880
Closing costs
1%
$4,644
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,258
Total Expenses
$4,569
Mortgage P&I
60%
$2,543
Property Taxes
10%
$415
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468