This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $114k initial cash invested.
-6.86%
Cash On Cash
5.05%
Cap Rate
0.79
DSCR
$3,627
Rent
-$654
Cashflow
Cash Flow
$3,627 income − $4,281 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,880
Closing costs
1%
$4,594
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,627
Total Expenses
$4,281
Mortgage P&I
67%
$2,441
Property Taxes
12%
$443
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399