This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $114k initial cash invested.
-1.27%
Cash On Cash
6.64%
Cap Rate
1.02
DSCR
$4,077
Rent
-$121
Cashflow
Cash Flow
$4,077 income − $4,198 expenses = $121 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,500
Closing costs
1%
$4,575
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,077
Total Expenses
$4,198
Mortgage P&I
61%
$2,489
Property Taxes
4%
$158
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448