This property looks like a bad Mid-Term investment with a projected -3.66% first-year return on $114k initial cash invested.
-3.66%
Cash On Cash
5.9%
Cap Rate
0.92
DSCR
$3,729
Rent
-$349
Cashflow
Cash Flow
$3,729 income − $4,078 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,729
Total Expenses
$4,078
Mortgage P&I
66%
$2,455
Property Taxes
4%
$164
Home Insurance
5%
$175
HOA
0%
$17
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410