This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $114k initial cash invested.
-7.03%
Cash On Cash
5.21%
Cap Rate
0.79
DSCR
$3,596
Rent
-$670
Cashflow
Cash Flow
$3,596 income − $4,266 expenses = $670 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%
$91,720
Closing costs
1%
$4,586
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,596
Total Expenses
$4,266
Mortgage P&I
70%
$2,517
Property Taxes
10%
$362
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396