This property looks like a bad Mid-Term investment with a projected -2.52% first-year return on $113k initial cash invested.
-2.52%
Cash On Cash
5.98%
Cap Rate
0.97
DSCR
$4,362
Rent
-$238
Cashflow
Cash Flow
$4,362 income − $4,600 expenses = $238 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,860
Closing costs
1%
$4,543
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,362
Total Expenses
$4,600
Mortgage P&I
53%
$2,327
Property Taxes
14%
$630
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$480