This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $114k initial cash invested.
-4.41%
Cash On Cash
5.42%
Cap Rate
0.88
DSCR
$3,758
Rent
-$420
Cashflow
Cash Flow
$3,758 income − $4,178 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,758
Total Expenses
$4,178
Mortgage P&I
62%
$2,342
Property Taxes
11%
$398
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413