This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $114k initial cash invested.
-4.65%
Cash On Cash
5.63%
Cap Rate
0.88
DSCR
$3,921
Rent
-$441
Cashflow
Cash Flow
$3,921 income − $4,362 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,140
Closing costs
1%
$4,557
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,921
Total Expenses
$4,362
Mortgage P&I
62%
$2,422
Property Taxes
11%
$445
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431