This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $114k initial cash invested.
-4.35%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$4,030
Rent
-$412
Cashflow
Cash Flow
$4,030 income − $4,442 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,000
Closing costs
1%
$4,550
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,030
Total Expenses
$4,442
Mortgage P&I
62%
$2,503
Property Taxes
10%
$410
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443