This property looks like a bad Mid-Term investment with a projected -7.35% first-year return on $114k initial cash invested.
-7.35%
Cash On Cash
4.76%
Cap Rate
0.76
DSCR
$3,254
Rent
-$696
Cashflow
Cash Flow
$3,254 income − $3,950 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,120
Closing costs
1%
$4,556
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,254
Total Expenses
$3,950
Mortgage P&I
73%
$2,374
Property Taxes
10%
$309
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358