This property looks like a bad Mid-Term investment with a projected -5.27% first-year return on $114k initial cash invested.
-5.27%
Cash On Cash
5.7%
Cap Rate
0.88
DSCR
$5,394
Rent
-$501
Cashflow
Cash Flow
$5,394 income − $5,895 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,600
Closing costs
1%
$4,580
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,394
Total Expenses
$5,895
Mortgage P&I
46%
$2,460
Property Taxes
27%
$1,447
Home Insurance
3%
$154
HOA
0%
$0
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593