This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $113k initial cash invested.
-5.57%
Cash On Cash
5.71%
Cap Rate
0.86
DSCR
$4,226
Rent
-$527
Cashflow
Cash Flow
$4,226 income − $4,753 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,900
Closing costs
1%
$4,545
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,226
Total Expenses
$4,753
Mortgage P&I
60%
$2,521
Property Taxes
15%
$648
Home Insurance
3%
$147
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465