This property looks like a bad Mid-Term investment with a projected -6% first-year return on $113k initial cash invested.
-6%
Cash On Cash
5.37%
Cap Rate
0.83
DSCR
$3,620
Rent
-$566
Cashflow
Cash Flow
$3,620 income − $4,186 expenses = $566 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%
$90,660
Closing costs
1%
$4,533
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,620
Total Expenses
$4,186
Mortgage P&I
68%
$2,448
Property Taxes
10%
$348
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398