This property looks like a bad Mid-Term investment with a projected -3.42% first-year return on $114k initial cash invested.
-3.42%
Cash On Cash
6.16%
Cap Rate
0.94
DSCR
$4,551
Rent
-$324
Cashflow
Cash Flow
$4,551 income − $4,875 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,080
Closing costs
1%
$4,554
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,551
Total Expenses
$4,875
Mortgage P&I
54%
$2,479
Property Taxes
15%
$689
Home Insurance
3%
$159
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501