This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $115k initial cash invested.
-8.63%
Cash On Cash
4.62%
Cap Rate
0.72
DSCR
$3,470
Rent
-$826
Cashflow
Cash Flow
$3,470 income − $4,296 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,220
Closing costs
1%
$4,611
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,470
Total Expenses
$4,296
Mortgage P&I
71%
$2,462
Property Taxes
13%
$448
Home Insurance
5%
$166
HOA
1%
$40
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382