This property looks like a bad Mid-Term investment with a projected -10.14% first-year return on $115k initial cash invested.
-10.14%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$3,358
Rent
-$971
Cashflow
Cash Flow
$3,358 income − $4,329 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,300
Closing costs
1%
$4,615
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,358
Total Expenses
$4,329
Mortgage P&I
76%
$2,550
Property Taxes
9%
$298
Home Insurance
5%
$166
HOA
5%
$174
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369