This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $114k initial cash invested.
-8.71%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$3,088
Rent
-$830
Cashflow
Cash Flow
$3,088 income − $3,918 expenses = $830 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,740
Closing costs
1%
$4,587
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,088
Total Expenses
$3,918
Mortgage P&I
81%
$2,500
Property Taxes
6%
$198
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340