This property looks like a bad Mid-Term investment with a projected -6.44% first-year return on $114k initial cash invested.
-6.44%
Cash On Cash
5.23%
Cap Rate
0.81
DSCR
$3,939
Rent
-$613
Cashflow
Cash Flow
$3,939 income − $4,552 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,560
Closing costs
1%
$4,578
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,552
Mortgage P&I
62%
$2,450
Property Taxes
10%
$384
Home Insurance
4%
$143
HOA
6%
$235
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433