This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $113k initial cash invested.
-2.6%
Cash On Cash
6.27%
Cap Rate
0.97
DSCR
$4,234
Rent
-$245
Cashflow
Cash Flow
$4,234 income − $4,479 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,580
Closing costs
1%
$4,529
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,234
Total Expenses
$4,479
Mortgage P&I
58%
$2,442
Property Taxes
10%
$432
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466