This property looks like a bad Mid-Term investment with a projected -5.26% first-year return on $114k initial cash invested.
-5.26%
Cash On Cash
5.79%
Cap Rate
0.87
DSCR
$4,340
Rent
-$499
Cashflow
Cash Flow
$4,340 income − $4,839 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,260
Closing costs
1%
$4,563
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,340
Total Expenses
$4,839
Mortgage P&I
58%
$2,527
Property Taxes
16%
$678
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$521
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$477