This property looks like a bad Mid-Term investment with a projected -14.58% first-year return on $114k initial cash invested.
-14.58%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$2,172
Rent
-$1,390
Cashflow
Cash Flow
$2,172 income − $3,562 expenses = $1,390 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,172
Total Expenses
$3,562
Mortgage P&I
116%
$2,517
Property Taxes
7%
$145
Home Insurance
7%
$161
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239