This property looks like a bad Mid-Term investment with a projected -4.53% first-year return on $114k initial cash invested.
-4.53%
Cash On Cash
5.77%
Cap Rate
0.88
DSCR
$3,567
Rent
-$429
Cashflow
Cash Flow
$3,567 income − $3,996 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,020
Closing costs
1%
$4,551
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,567
Total Expenses
$3,996
Mortgage P&I
69%
$2,473
Property Taxes
4%
$144
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392