This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $114k initial cash invested.
-5.92%
Cash On Cash
5.3%
Cap Rate
0.83
DSCR
$3,414
Rent
-$563
Cashflow
Cash Flow
$3,414 income − $3,977 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,580
Closing costs
1%
$4,579
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,414
Total Expenses
$3,977
Mortgage P&I
72%
$2,450
Property Taxes
6%
$211
Home Insurance
5%
$154
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$102
Maintenance
4%
$137
Other
11%
$376