This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $114k initial cash invested.
-1.34%
Cash On Cash
6.49%
Cap Rate
1.01
DSCR
$3,914
Rent
-$127
Cashflow
Cash Flow
$3,914 income − $4,041 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,460
Closing costs
1%
$4,573
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,914
Total Expenses
$4,041
Mortgage P&I
62%
$2,443
Property Taxes
3%
$98
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431