This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $114k initial cash invested.
-5.66%
Cash On Cash
5.62%
Cap Rate
0.84
DSCR
$3,422
Rent
-$538
Cashflow
Cash Flow
$3,422 income − $3,960 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,460
Closing costs
1%
$4,573
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,422
Total Expenses
$3,960
Mortgage P&I
74%
$2,542
Property Taxes
3%
$88
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376