This property looks like a bad Mid-Term investment with a projected -2.83% first-year return on $114k initial cash invested.
-2.83%
Cash On Cash
6.22%
Cap Rate
0.96
DSCR
$4,323
Rent
-$269
Cashflow
Cash Flow
$4,323 income − $4,592 expenses = $269 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%
$91,640
Closing costs
1%
$4,582
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,323
Total Expenses
$4,592
Mortgage P&I
57%
$2,471
Property Taxes
11%
$478
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476