This property looks like a bad Mid-Term investment with a projected -0.64% first-year return on $113k initial cash invested.
-0.64%
Cash On Cash
6.73%
Cap Rate
1.04
DSCR
$4,106
Rent
-$60
Cashflow
Cash Flow
$4,106 income − $4,166 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,660
Closing costs
1%
$4,533
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,106
Total Expenses
$4,166
Mortgage P&I
59%
$2,437
Property Taxes
4%
$157
Home Insurance
4%
$163
HOA
0%
$13
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452