This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $113k initial cash invested.
-5.49%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$3,916
Rent
-$519
Cashflow
Cash Flow
$3,916 income − $4,435 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,860
Closing costs
1%
$4,543
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,916
Total Expenses
$4,435
Mortgage P&I
64%
$2,510
Property Taxes
11%
$435
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431