This property looks like a bad Mid-Term investment with a projected -10.42% first-year return on $113k initial cash invested.
-10.42%
Cash On Cash
3.86%
Cap Rate
0.62
DSCR
$2,410
Rent
-$981
Cashflow
Cash Flow
$2,410 income − $3,391 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,480
Closing costs
1%
$4,524
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,410
Total Expenses
$3,391
Mortgage P&I
97%
$2,340
Property Taxes
4%
$100
Home Insurance
6%
$133
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265