This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $114k initial cash invested.
-8.37%
Cash On Cash
4.37%
Cap Rate
0.72
DSCR
$3,538
Rent
-$792
Cashflow
Cash Flow
$3,538 income − $4,330 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,020
Closing costs
1%
$4,551
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,538
Total Expenses
$4,330
Mortgage P&I
65%
$2,306
Property Taxes
12%
$429
Home Insurance
5%
$161
HOA
7%
$230
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389