This property looks like a bad Mid-Term investment with a projected -1.18% first-year return on $113k initial cash invested.
-1.18%
Cash On Cash
6.37%
Cap Rate
1.04
DSCR
$5,061
Rent
-$111
Cashflow
Cash Flow
$5,061 income − $5,172 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,440
Closing costs
1%
$4,522
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,061
Total Expenses
$5,172
Mortgage P&I
46%
$2,309
Property Taxes
19%
$986
Home Insurance
3%
$157
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$557