This property looks like a bad Mid-Term investment with a projected -5.51% first-year return on $114k initial cash invested.
-5.51%
Cash On Cash
5.44%
Cap Rate
0.84
DSCR
$3,428
Rent
-$525
Cashflow
Cash Flow
$3,428 income − $3,953 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,428
Total Expenses
$3,953
Mortgage P&I
72%
$2,469
Property Taxes
5%
$157
Home Insurance
5%
$162
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377