This property looks like a bad Mid-Term investment with a projected -2% first-year return on $113k initial cash invested.
-2%
Cash On Cash
6.07%
Cap Rate
1
DSCR
$4,482
Rent
-$189
Cashflow
Cash Flow
$4,482 income − $4,671 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,820
Closing costs
1%
$4,541
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,482
Total Expenses
$4,671
Mortgage P&I
51%
$2,306
Property Taxes
15%
$670
Home Insurance
4%
$163
HOA
0%
$9
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$493