This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $114k initial cash invested.
-4.97%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$3,170
Rent
-$473
Cashflow
Cash Flow
$3,170 income − $3,643 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,580
Closing costs
1%
$4,579
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,170
Total Expenses
$3,643
Mortgage P&I
73%
$2,319
Property Taxes
3%
$80
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349