This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $114k initial cash invested.
-6.24%
Cash On Cash
5.25%
Cap Rate
0.82
DSCR
$3,772
Rent
-$592
Cashflow
Cash Flow
$3,772 income − $4,364 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,320
Closing costs
1%
$4,566
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,772
Total Expenses
$4,364
Mortgage P&I
65%
$2,438
Property Taxes
13%
$485
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415