This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $114k initial cash invested.
-1.53%
Cash On Cash
6.39%
Cap Rate
1.02
DSCR
$4,586
Rent
-$145
Cashflow
Cash Flow
$4,586 income − $4,731 expenses = $145 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,500
Closing costs
1%
$4,575
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,586
Total Expenses
$4,731
Mortgage P&I
52%
$2,399
Property Taxes
13%
$613
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$138
Maintenance
4%
$183
Other
11%
$504