This property looks like a bad Mid-Term investment with a projected -7.18% first-year return on $113k initial cash invested.
-7.18%
Cash On Cash
5.14%
Cap Rate
0.78
DSCR
$3,556
Rent
-$677
Cashflow
Cash Flow
$3,556 income − $4,233 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,680
Closing costs
1%
$4,534
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,556
Total Expenses
$4,233
Mortgage P&I
70%
$2,477
Property Taxes
11%
$386
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391