This property looks like a bad Mid-Term investment with a projected -15.97% first-year return on $114k initial cash invested.
-15.97%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$1,848
Rent
-$1,522
Cashflow
Cash Flow
$1,848 income − $3,370 expenses = $1,522 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,848
Total Expenses
$3,370
Mortgage P&I
126%
$2,337
Property Taxes
8%
$149
Home Insurance
9%
$161
HOA
5%
$95
Property Management
12%
$222
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$203