This property looks like a bad Mid-Term investment with a projected -7.67% first-year return on $114k initial cash invested.
-7.67%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$3,062
Rent
-$731
Cashflow
Cash Flow
$3,062 income − $3,793 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,062
Total Expenses
$3,793
Mortgage P&I
77%
$2,357
Property Taxes
8%
$235
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337