This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $114k initial cash invested.
-4.27%
Cash On Cash
6.09%
Cap Rate
0.91
DSCR
$4,234
Rent
-$407
Cashflow
Cash Flow
$4,234 income − $4,641 expenses = $407 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%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,234
Total Expenses
$4,641
Mortgage P&I
61%
$2,567
Property Taxes
11%
$474
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466