This property looks like a bad Mid-Term investment with a projected -2.27% first-year return on $115k initial cash invested.
-2.27%
Cash On Cash
6.37%
Cap Rate
0.99
DSCR
$4,569
Rent
-$217
Cashflow
Cash Flow
$4,569 income − $4,786 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,300
Closing costs
1%
$4,615
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,569
Total Expenses
$4,786
Mortgage P&I
54%
$2,483
Property Taxes
12%
$545
Home Insurance
4%
$166
HOA
1%
$38
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503