This property looks like a bad Mid-Term investment with a projected -8.34% first-year return on $113k initial cash invested.
-8.34%
Cash On Cash
4.79%
Cap Rate
0.73
DSCR
$2,962
Rent
-$786
Cashflow
Cash Flow
$2,962 income − $3,748 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,600
Closing costs
1%
$4,530
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,962
Total Expenses
$3,748
Mortgage P&I
84%
$2,476
Property Taxes
3%
$100
Home Insurance
6%
$166
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326