This property looks like a bad Mid-Term investment with a projected -2.41% first-year return on $114k initial cash invested.
-2.41%
Cash On Cash
6.55%
Cap Rate
0.98
DSCR
$4,458
Rent
-$230
Cashflow
Cash Flow
$4,458 income − $4,688 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,820
Closing costs
1%
$4,591
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,458
Total Expenses
$4,688
Mortgage P&I
57%
$2,559
Property Taxes
10%
$453
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490