This property looks like a bad Mid-Term investment with a projected -3.86% first-year return on $114k initial cash invested.
-3.86%
Cash On Cash
5.85%
Cap Rate
0.92
DSCR
$4,107
Rent
-$366
Cashflow
Cash Flow
$4,107 income − $4,473 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,320
Closing costs
1%
$4,566
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,107
Total Expenses
$4,473
Mortgage P&I
59%
$2,429
Property Taxes
12%
$484
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452