This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $114k initial cash invested.
-7.87%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$2,744
Rent
-$747
Cashflow
Cash Flow
$2,744 income − $3,491 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,380
Closing costs
1%
$4,569
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,744
Total Expenses
$3,491
Mortgage P&I
84%
$2,305
Property Taxes
3%
$93
Home Insurance
6%
$160
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302