This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $115k initial cash invested.
-6.27%
Cash On Cash
5.04%
Cap Rate
0.82
DSCR
$4,431
Rent
-$600
Cashflow
Cash Flow
$4,431 income − $5,031 expenses = $600 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,260
Closing costs
1%
$4,613
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,431
Total Expenses
$5,031
Mortgage P&I
53%
$2,360
Property Taxes
23%
$999
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487