This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $114k initial cash invested.
-7.29%
Cash On Cash
5.21%
Cap Rate
0.78
DSCR
$3,372
Rent
-$692
Cashflow
Cash Flow
$3,372 income − $4,064 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,340
Closing costs
1%
$4,567
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,372
Total Expenses
$4,064
Mortgage P&I
75%
$2,540
Property Taxes
6%
$213
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371