This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $113k initial cash invested.
-7.03%
Cash On Cash
5.22%
Cap Rate
0.79
DSCR
$3,514
Rent
-$664
Cashflow
Cash Flow
$3,514 income − $4,178 expenses = $664 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,860
Closing costs
1%
$4,543
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,514
Total Expenses
$4,178
Mortgage P&I
71%
$2,500
Property Taxes
5%
$188
Home Insurance
8%
$294
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387