This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $113k initial cash invested.
-0.38%
Cash On Cash
6.79%
Cap Rate
1.07
DSCR
$4,836
Rent
-$36
Cashflow
Cash Flow
$4,836 income − $4,872 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,140
Closing costs
1%
$4,507
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,836
Total Expenses
$4,872
Mortgage P&I
50%
$2,394
Property Taxes
11%
$537
Home Insurance
3%
$157
HOA
3%
$141
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532