This property looks like a bad Mid-Term investment with a projected -10.5% first-year return on $113k initial cash invested.
-10.5%
Cash On Cash
4.44%
Cap Rate
0.66
DSCR
$2,956
Rent
-$991
Cashflow
Cash Flow
$2,956 income − $3,947 expenses = $991 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,680
Closing costs
1%
$4,534
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$3,947
Mortgage P&I
86%
$2,550
Property Taxes
8%
$229
Home Insurance
6%
$163
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325