This property looks like a bad Mid-Term investment with a projected -7.15% first-year return on $114k initial cash invested.
-7.15%
Cash On Cash
4.87%
Cap Rate
0.77
DSCR
$3,470
Rent
-$679
Cashflow
Cash Flow
$3,470 income − $4,149 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,440
Closing costs
1%
$4,572
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,470
Total Expenses
$4,149
Mortgage P&I
69%
$2,397
Property Taxes
12%
$414
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382