This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $113k initial cash invested.
-7.87%
Cash On Cash
4.93%
Cap Rate
0.76
DSCR
$3,489
Rent
-$739
Cashflow
Cash Flow
$3,489 income − $4,228 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,200
Closing costs
1%
$4,510
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,489
Total Expenses
$4,228
Mortgage P&I
70%
$2,451
Property Taxes
12%
$419
Home Insurance
5%
$170
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384