This property looks like a bad Mid-Term investment with a projected -7.5% first-year return on $113k initial cash invested.
-7.5%
Cash On Cash
4.55%
Cap Rate
0.75
DSCR
$3,534
Rent
-$706
Cashflow
Cash Flow
$3,534 income − $4,240 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,500
Closing costs
1%
$4,525
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,534
Total Expenses
$4,240
Mortgage P&I
65%
$2,280
Property Taxes
14%
$501
Home Insurance
5%
$175
HOA
2%
$83
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389