This property looks like a bad Mid-Term investment with a projected -3.78% first-year return on $115k initial cash invested.
-3.78%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$3,741
Rent
-$361
Cashflow
Cash Flow
$3,741 income − $4,102 expenses = $361 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
$3,741
Total Expenses
$4,102
Mortgage P&I
67%
$2,524
Property Taxes
4%
$144
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412