This property looks like a bad Mid-Term investment with a projected -8.54% first-year return on $114k initial cash invested.
-8.54%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$2,686
Rent
-$811
Cashflow
Cash Flow
$2,686 income − $3,497 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,686
Total Expenses
$3,497
Mortgage P&I
87%
$2,332
Property Taxes
3%
$93
Home Insurance
6%
$160
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295