This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $113k initial cash invested.
-5.43%
Cash On Cash
5.48%
Cap Rate
0.85
DSCR
$3,639
Rent
-$510
Cashflow
Cash Flow
$3,639 income − $4,149 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,160
Closing costs
1%
$4,508
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,639
Total Expenses
$4,149
Mortgage P&I
67%
$2,422
Property Taxes
7%
$242
Home Insurance
4%
$161
HOA
2%
$86
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400