This property looks like a bad Mid-Term investment with a projected -8.05% first-year return on $114k initial cash invested.
-8.05%
Cash On Cash
4.99%
Cap Rate
0.75
DSCR
$3,207
Rent
-$767
Cashflow
Cash Flow
$3,207 income − $3,974 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,207
Total Expenses
$3,974
Mortgage P&I
79%
$2,548
Property Taxes
5%
$173
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353