This property looks like a bad Mid-Term investment with a projected -4.45% first-year return on $114k initial cash invested.
-4.45%
Cash On Cash
5.88%
Cap Rate
0.9
DSCR
$4,629
Rent
-$423
Cashflow
Cash Flow
$4,629 income − $5,052 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,480
Closing costs
1%
$4,574
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,629
Total Expenses
$5,052
Mortgage P&I
54%
$2,480
Property Taxes
17%
$806
Home Insurance
4%
$180
HOA
0%
$13
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509