This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $113k initial cash invested.
-5.37%
Cash On Cash
5.41%
Cap Rate
0.85
DSCR
$3,476
Rent
-$507
Cashflow
Cash Flow
$3,476 income − $3,983 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,740
Closing costs
1%
$4,537
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,476
Total Expenses
$3,983
Mortgage P&I
69%
$2,415
Property Taxes
6%
$223
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382