This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $113k initial cash invested.
-1.16%
Cash On Cash
6.65%
Cap Rate
1.02
DSCR
$4,234
Rent
-$109
Cashflow
Cash Flow
$4,234 income − $4,343 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,560
Closing costs
1%
$4,528
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,234
Total Expenses
$4,343
Mortgage P&I
58%
$2,451
Property Taxes
8%
$334
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466