This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $114k initial cash invested.
-9.13%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$3,314
Rent
-$865
Cashflow
Cash Flow
$3,314 income − $4,179 expenses = $865 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,100
Closing costs
1%
$4,555
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,314
Total Expenses
$4,179
Mortgage P&I
76%
$2,517
Property Taxes
10%
$315
Home Insurance
7%
$219
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365