This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $113k initial cash invested.
-4.98%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$3,724
Rent
-$468
Cashflow
Cash Flow
$3,724 income − $4,192 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,160
Closing costs
1%
$4,508
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,724
Total Expenses
$4,192
Mortgage P&I
65%
$2,439
Property Taxes
9%
$346
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410