This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $114k initial cash invested.
-7.3%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$3,820
Rent
-$694
Cashflow
Cash Flow
$3,820 income − $4,514 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,580
Closing costs
1%
$4,579
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,820
Total Expenses
$4,514
Mortgage P&I
64%
$2,460
Property Taxes
15%
$580
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420