This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $114k initial cash invested.
-7.07%
Cash On Cash
5.02%
Cap Rate
0.79
DSCR
$3,722
Rent
-$671
Cashflow
Cash Flow
$3,722 income − $4,393 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,260
Closing costs
1%
$4,563
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,722
Total Expenses
$4,393
Mortgage P&I
65%
$2,431
Property Taxes
14%
$521
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409