This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $114k initial cash invested.
-7.62%
Cash On Cash
5.08%
Cap Rate
0.76
DSCR
$3,062
Rent
-$722
Cashflow
Cash Flow
$3,062 income − $3,784 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,080
Closing costs
1%
$4,554
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$3,784
Mortgage P&I
83%
$2,528
Property Taxes
2%
$50
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337