This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $113k initial cash invested.
-0.84%
Cash On Cash
6.54%
Cap Rate
1.04
DSCR
$4,464
Rent
-$79
Cashflow
Cash Flow
$4,464 income − $4,543 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,560
Closing costs
1%
$4,528
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,464
Total Expenses
$4,543
Mortgage P&I
53%
$2,367
Property Taxes
11%
$494
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491