This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $113k initial cash invested.
-3.62%
Cash On Cash
6.05%
Cap Rate
0.93
DSCR
$4,018
Rent
-$342
Cashflow
Cash Flow
$4,018 income − $4,360 expenses = $342 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,860
Closing costs
1%
$4,543
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,018
Total Expenses
$4,360
Mortgage P&I
62%
$2,473
Property Taxes
8%
$341
Home Insurance
4%
$159
HOA
1%
$20
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442