This property looks like a bad Mid-Term investment with a projected -5.19% first-year return on $113k initial cash invested.
-5.19%
Cash On Cash
5.53%
Cap Rate
0.86
DSCR
$3,862
Rent
-$488
Cashflow
Cash Flow
$3,862 income − $4,350 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,380
Closing costs
1%
$4,519
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,862
Total Expenses
$4,350
Mortgage P&I
63%
$2,415
Property Taxes
12%
$465
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$425