This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $115k initial cash invested.
-1.14%
Cash On Cash
6.73%
Cap Rate
1.03
DSCR
$4,386
Rent
-$109
Cashflow
Cash Flow
$4,386 income − $4,495 expenses = $109 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
$4,386
Total Expenses
$4,495
Mortgage P&I
57%
$2,513
Property Taxes
7%
$308
Home Insurance
4%
$161
HOA
1%
$23
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$132
Maintenance
4%
$175
Other
11%
$482