This property looks like a bad Mid-Term investment with a projected -3.39% first-year return on $113k initial cash invested.
-3.39%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$4,442
Rent
-$321
Cashflow
Cash Flow
$4,442 income − $4,763 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,940
Closing costs
1%
$4,547
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,442
Total Expenses
$4,763
Mortgage P&I
56%
$2,466
Property Taxes
14%
$620
Home Insurance
4%
$161
HOA
0%
$5
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489