This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $115k initial cash invested.
-7.2%
Cash On Cash
4.69%
Cap Rate
0.77
DSCR
$3,524
Rent
-$690
Cashflow
Cash Flow
$3,524 income − $4,214 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,400
Closing costs
1%
$4,620
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$4,214
Mortgage P&I
67%
$2,355
Property Taxes
14%
$492
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388