This property looks like a bad Mid-Term investment with a projected -4.24% first-year return on $114k initial cash invested.
-4.24%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$3,788
Rent
-$403
Cashflow
Cash Flow
$3,788 income − $4,191 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,400
Closing costs
1%
$4,570
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,788
Total Expenses
$4,191
Mortgage P&I
66%
$2,505
Property Taxes
6%
$232
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417