This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $114k initial cash invested.
-5.8%
Cash On Cash
5.2%
Cap Rate
0.82
DSCR
$3,228
Rent
-$549
Cashflow
Cash Flow
$3,228 income − $3,777 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,040
Closing costs
1%
$4,552
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,228
Total Expenses
$3,777
Mortgage P&I
74%
$2,394
Property Taxes
4%
$118
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355