This property looks like a bad Mid-Term investment with a projected -2.24% first-year return on $114k initial cash invested.
-2.24%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$4,424
Rent
-$212
Cashflow
Cash Flow
$4,424 income − $4,636 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,180
Closing costs
1%
$4,559
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,424
Total Expenses
$4,636
Mortgage P&I
57%
$2,503
Property Taxes
11%
$467
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487