This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $115k initial cash invested.
-5.86%
Cash On Cash
4.96%
Cap Rate
0.81
DSCR
$3,105
Rent
-$560
Cashflow
Cash Flow
$3,105 income − $3,665 expenses = $560 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
$3,105
Total Expenses
$3,665
Mortgage P&I
75%
$2,336
Property Taxes
4%
$112
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342