This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $113k initial cash invested.
-5.36%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$3,477
Rent
-$507
Cashflow
Cash Flow
$3,477 income − $3,984 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,900
Closing costs
1%
$4,545
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,477
Total Expenses
$3,984
Mortgage P&I
67%
$2,316
Property Taxes
9%
$328
Home Insurance
5%
$159
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382