This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $113k initial cash invested.
-1.31%
Cash On Cash
6.57%
Cap Rate
1.02
DSCR
$4,508
Rent
-$123
Cashflow
Cash Flow
$4,508 income − $4,631 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,400
Closing costs
1%
$4,520
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,508
Total Expenses
$4,631
Mortgage P&I
54%
$2,419
Property Taxes
12%
$522
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$541
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$496