This property looks like a bad Mid-Term investment with a projected -7.35% first-year return on $113k initial cash invested.
-7.35%
Cash On Cash
4.65%
Cap Rate
0.75
DSCR
$3,064
Rent
-$691
Cashflow
Cash Flow
$3,064 income − $3,755 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,300
Closing costs
1%
$4,515
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,064
Total Expenses
$3,755
Mortgage P&I
76%
$2,318
Property Taxes
5%
$139
Home Insurance
5%
$165
HOA
3%
$90
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337