This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $113k initial cash invested.
-8.5%
Cash On Cash
4.47%
Cap Rate
0.72
DSCR
$3,784
Rent
-$803
Cashflow
Cash Flow
$3,784 income − $4,587 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,820
Closing costs
1%
$4,541
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,784
Total Expenses
$4,587
Mortgage P&I
62%
$2,345
Property Taxes
21%
$797
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416