This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $113k initial cash invested.
-8.1%
Cash On Cash
4.35%
Cap Rate
0.72
DSCR
$2,898
Rent
-$762
Cashflow
Cash Flow
$2,898 income − $3,660 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,380
Closing costs
1%
$4,519
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,898
Total Expenses
$3,660
Mortgage P&I
79%
$2,283
Property Taxes
8%
$227
Home Insurance
6%
$164
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319