This property looks like a bad Mid-Term investment with a projected -9.07% first-year return on $114k initial cash invested.
-9.07%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$3,441
Rent
-$865
Cashflow
Cash Flow
$3,441 income − $4,306 expenses = $865 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,820
Closing costs
1%
$4,591
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,441
Total Expenses
$4,306
Mortgage P&I
74%
$2,537
Property Taxes
13%
$440
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379