This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $113k initial cash invested.
-9.03%
Cash On Cash
4.61%
Cap Rate
0.71
DSCR
$3,159
Rent
-$852
Cashflow
Cash Flow
$3,159 income − $4,011 expenses = $852 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,159
Total Expenses
$4,011
Mortgage P&I
78%
$2,469
Property Taxes
8%
$242
Home Insurance
5%
$171
HOA
2%
$56
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347