This property looks like a bad Mid-Term investment with a projected -5.22% first-year return on $114k initial cash invested.
-5.22%
Cash On Cash
5.7%
Cap Rate
0.86
DSCR
$3,618
Rent
-$496
Cashflow
Cash Flow
$3,618 income − $4,114 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,457
Closing costs
1%
$4,573
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,618
Total Expenses
$4,114
Mortgage P&I
70%
$2,522
Property Taxes
5%
$198
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398