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
5.96%
Cap Rate
0.96
DSCR
$3,819
Rent
-$238
Cashflow
Cash Flow
$3,819 income − $4,057 expenses = $238 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,820
Closing costs
1%
$4,541
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,819
Total Expenses
$4,057
Mortgage P&I
61%
$2,341
Property Taxes
7%
$260
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420