This property looks like a bad Mid-Term investment with a projected -3.16% first-year return on $113k initial cash invested.
-3.16%
Cash On Cash
5.55%
Cap Rate
0.93
DSCR
$3,642
Rent
-$299
Cashflow
Cash Flow
$3,642 income − $3,941 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,840
Closing costs
1%
$4,542
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,642
Total Expenses
$3,941
Mortgage P&I
62%
$2,254
Property Taxes
7%
$252
Home Insurance
4%
$163
HOA
1%
$33
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401