This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $113k initial cash invested.
-6.45%
Cash On Cash
5.39%
Cap Rate
0.81
DSCR
$3,549
Rent
-$610
Cashflow
Cash Flow
$3,549 income − $4,159 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,880
Closing costs
1%
$4,544
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,549
Total Expenses
$4,159
Mortgage P&I
71%
$2,510
Property Taxes
7%
$253
Home Insurance
5%
$163
HOA
1%
$27
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390