This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $114k initial cash invested.
-4.23%
Cash On Cash
5.83%
Cap Rate
0.9
DSCR
$3,951
Rent
-$403
Cashflow
Cash Flow
$3,951 income − $4,354 expenses = $403 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%
$91,740
Closing costs
1%
$4,587
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,951
Total Expenses
$4,354
Mortgage P&I
63%
$2,472
Property Taxes
9%
$375
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435