This property looks like a bad Mid-Term investment with a projected -4.28% first-year return on $113k initial cash invested.
-4.28%
Cash On Cash
5.8%
Cap Rate
0.9
DSCR
$3,987
Rent
-$404
Cashflow
Cash Flow
$3,987 income − $4,391 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,680
Closing costs
1%
$4,534
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,987
Total Expenses
$4,391
Mortgage P&I
61%
$2,437
Property Taxes
11%
$440
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$120
Maintenance
4%
$159
Other
11%
$439