This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $114k initial cash invested.
-2.88%
Cash On Cash
5.82%
Cap Rate
0.96
DSCR
$4,554
Rent
-$273
Cashflow
Cash Flow
$4,554 income − $4,827 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,140
Closing costs
1%
$4,557
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,554
Total Expenses
$4,827
Mortgage P&I
51%
$2,301
Property Taxes
18%
$808
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501