This property looks like a bad Mid-Term investment with a projected -1.1% first-year return on $114k initial cash invested.
-1.1%
Cash On Cash
6.58%
Cap Rate
1.03
DSCR
$4,338
Rent
-$104
Cashflow
Cash Flow
$4,338 income − $4,442 expenses = $104 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%
$91,220
Closing costs
1%
$4,561
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,338
Total Expenses
$4,442
Mortgage P&I
56%
$2,432
Property Taxes
9%
$377
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$521
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$477