This property looks like a bad Mid-Term investment with a projected -7.19% first-year return on $113k initial cash invested.
-7.19%
Cash On Cash
5.3%
Cap Rate
0.79
DSCR
$3,597
Rent
-$676
Cashflow
Cash Flow
$3,597 income − $4,273 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,240
Closing costs
1%
$4,512
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,597
Total Expenses
$4,273
Mortgage P&I
70%
$2,523
Property Taxes
10%
$368
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396