This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $115k initial cash invested.
-4.65%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$3,644
Rent
-$444
Cashflow
Cash Flow
$3,644 income − $4,088 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,644
Total Expenses
$4,088
Mortgage P&I
69%
$2,501
Property Taxes
5%
$187
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401