This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $113k initial cash invested.
-8.2%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$3,909
Rent
-$774
Cashflow
Cash Flow
$3,909 income − $4,683 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,740
Closing costs
1%
$4,537
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,909
Total Expenses
$4,683
Mortgage P&I
64%
$2,485
Property Taxes
18%
$704
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430