This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $113k initial cash invested.
-2.16%
Cash On Cash
6.61%
Cap Rate
0.99
DSCR
$4,533
Rent
-$203
Cashflow
Cash Flow
$4,533 income − $4,736 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,460
Closing costs
1%
$4,523
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,533
Total Expenses
$4,736
Mortgage P&I
55%
$2,513
Property Taxes
12%
$524
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$499