This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $114k initial cash invested.
-1.13%
Cash On Cash
6.78%
Cap Rate
1.03
DSCR
$4,658
Rent
-$107
Cashflow
Cash Flow
$4,658 income − $4,765 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,200
Closing costs
1%
$4,560
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,658
Total Expenses
$4,765
Mortgage P&I
54%
$2,498
Property Taxes
11%
$518
Home Insurance
3%
$149
HOA
0%
$17
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512