This property looks like a bad Mid-Term investment with a projected -2.75% first-year return on $114k initial cash invested.
-2.75%
Cash On Cash
6.34%
Cap Rate
0.96
DSCR
$4,269
Rent
-$261
Cashflow
Cash Flow
$4,269 income − $4,530 expenses = $261 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%
$91,180
Closing costs
1%
$4,559
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,269
Total Expenses
$4,530
Mortgage P&I
59%
$2,500
Property Taxes
10%
$418
Home Insurance
4%
$160
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470