This property looks like a bad Mid-Term investment with a projected -8.54% first-year return on $113k initial cash invested.
-8.54%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$3,712
Rent
-$802
Cashflow
Cash Flow
$3,712 income − $4,514 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,220
Closing costs
1%
$4,511
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,712
Total Expenses
$4,514
Mortgage P&I
65%
$2,421
Property Taxes
16%
$605
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408