This property looks like a bad Mid-Term investment with a projected -11.08% first-year return on $114k initial cash invested.
-11.08%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$2,666
Rent
-$1,056
Cashflow
Cash Flow
$2,666 income − $3,722 expenses = $1,056 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,820
Closing costs
1%
$4,591
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$3,722
Mortgage P&I
94%
$2,516
Property Taxes
5%
$131
Home Insurance
6%
$168
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293