This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $114k initial cash invested.
-4.97%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$4,094
Rent
-$474
Cashflow
Cash Flow
$4,094 income − $4,568 expenses = $474 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
$4,094
Total Expenses
$4,568
Mortgage P&I
62%
$2,529
Property Taxes
12%
$486
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450