This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $113k initial cash invested.
-1.76%
Cash On Cash
6.08%
Cap Rate
1
DSCR
$3,998
Rent
-$166
Cashflow
Cash Flow
$3,998 income − $4,164 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,560
Closing costs
1%
$4,528
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,998
Total Expenses
$4,164
Mortgage P&I
57%
$2,299
Property Taxes
9%
$346
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440