This property looks like a bad Mid-Term investment with a projected -11.54% first-year return on $113k initial cash invested.
-11.54%
Cash On Cash
3.7%
Cap Rate
0.59
DSCR
$2,594
Rent
-$1,089
Cashflow
Cash Flow
$2,594 income − $3,683 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,720
Closing costs
1%
$4,536
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$3,683
Mortgage P&I
92%
$2,383
Property Taxes
10%
$257
Home Insurance
6%
$161
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285