This property looks like a bad Mid-Term investment with a projected -9.84% first-year return on $114k initial cash invested.
-9.84%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$3,152
Rent
-$934
Cashflow
Cash Flow
$3,152 income − $4,086 expenses = $934 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,300
Closing costs
1%
$4,565
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$4,086
Mortgage P&I
79%
$2,484
Property Taxes
12%
$367
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347