This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $115k initial cash invested.
-7.23%
Cash On Cash
4.95%
Cap Rate
0.78
DSCR
$3,564
Rent
-$692
Cashflow
Cash Flow
$3,564 income − $4,256 expenses = $692 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
$3,564
Total Expenses
$4,256
Mortgage P&I
69%
$2,450
Property Taxes
12%
$430
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392