This property looks like a bad Mid-Term investment with a projected -3.16% first-year return on $114k initial cash invested.
-3.16%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$3,914
Rent
-$299
Cashflow
Cash Flow
$3,914 income − $4,213 expenses = $299 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%
$90,980
Closing costs
1%
$4,549
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,914
Total Expenses
$4,213
Mortgage P&I
63%
$2,472
Property Taxes
6%
$250
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431