This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $113k initial cash invested.
-8.04%
Cash On Cash
5.03%
Cap Rate
0.75
DSCR
$3,478
Rent
-$757
Cashflow
Cash Flow
$3,478 income − $4,235 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,440
Closing costs
1%
$4,522
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$4,235
Mortgage P&I
72%
$2,514
Property Taxes
11%
$376
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383