This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $113k initial cash invested.
-2.92%
Cash On Cash
6.31%
Cap Rate
0.96
DSCR
$4,426
Rent
-$275
Cashflow
Cash Flow
$4,426 income − $4,701 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,540
Closing costs
1%
$4,527
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,426
Total Expenses
$4,701
Mortgage P&I
56%
$2,480
Property Taxes
12%
$532
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487