This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $113k initial cash invested.
-3.57%
Cash On Cash
5.93%
Cap Rate
0.93
DSCR
$4,246
Rent
-$337
Cashflow
Cash Flow
$4,246 income − $4,583 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,800
Closing costs
1%
$4,540
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,246
Total Expenses
$4,583
Mortgage P&I
57%
$2,411
Property Taxes
13%
$565
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467