This property looks like a bad Mid-Term investment with a projected -6.09% first-year return on $115k initial cash invested.
-6.09%
Cash On Cash
5.53%
Cap Rate
0.83
DSCR
$3,994
Rent
-$582
Cashflow
Cash Flow
$3,994 income − $4,576 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,020
Closing costs
1%
$4,601
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,994
Total Expenses
$4,576
Mortgage P&I
64%
$2,542
Property Taxes
13%
$510
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439