This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $114k initial cash invested.
-7.12%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$4,000
Rent
-$674
Cashflow
Cash Flow
$4,000 income − $4,674 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,020
Closing costs
1%
$4,551
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,000
Total Expenses
$4,674
Mortgage P&I
62%
$2,475
Property Taxes
17%
$678
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440