This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $114k initial cash invested.
-7.12%
Cash On Cash
5.17%
Cap Rate
0.79
DSCR
$3,618
Rent
-$679
Cashflow
Cash Flow
$3,618 income − $4,297 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,618
Total Expenses
$4,297
Mortgage P&I
69%
$2,512
Property Taxes
6%
$203
Home Insurance
4%
$161
HOA
5%
$190
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398