This property looks like a bad Mid-Term investment with a projected -6.92% first-year return on $114k initial cash invested.
-6.92%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$3,306
Rent
-$660
Cashflow
Cash Flow
$3,306 income − $3,966 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,306
Total Expenses
$3,966
Mortgage P&I
74%
$2,447
Property Taxes
7%
$234
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364