This property looks like a bad Mid-Term investment with a projected -9.6% first-year return on $113k initial cash invested.
-9.6%
Cash On Cash
4.58%
Cap Rate
0.69
DSCR
$3,244
Rent
-$902
Cashflow
Cash Flow
$3,244 income − $4,146 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,220
Closing costs
1%
$4,511
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$4,146
Mortgage P&I
77%
$2,492
Property Taxes
12%
$383
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357