This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $113k initial cash invested.
-9.15%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$3,266
Rent
-$859
Cashflow
Cash Flow
$3,266 income − $4,125 expenses = $859 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%
$90,160
Closing costs
1%
$4,508
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,266
Total Expenses
$4,125
Mortgage P&I
75%
$2,440
Property Taxes
13%
$413
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359