This property looks like a bad Mid-Term investment with a projected -3.07% first-year return on $114k initial cash invested.
-3.07%
Cash On Cash
5.81%
Cap Rate
0.94
DSCR
$3,732
Rent
-$292
Cashflow
Cash Flow
$3,732 income − $4,024 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,520
Closing costs
1%
$4,576
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,732
Total Expenses
$4,024
Mortgage P&I
63%
$2,358
Property Taxes
6%
$231
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411