This property looks like a bad Mid-Term investment with a projected -6.15% first-year return on $113k initial cash invested.
-6.15%
Cash On Cash
5.39%
Cap Rate
0.83
DSCR
$3,717
Rent
-$579
Cashflow
Cash Flow
$3,717 income − $4,296 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,520
Closing costs
1%
$4,526
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,717
Total Expenses
$4,296
Mortgage P&I
66%
$2,464
Property Taxes
11%
$406
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409