This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $112k initial cash invested.
-5.12%
Cash On Cash
5.55%
Cap Rate
0.86
DSCR
$3,592
Rent
-$479
Cashflow
Cash Flow
$3,592 income − $4,071 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,592
Total Expenses
$4,071
Mortgage P&I
67%
$2,412
Property Taxes
7%
$250
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395