This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $112k initial cash invested.
-3.6%
Cash On Cash
6.02%
Cap Rate
0.94
DSCR
$4,545
Rent
-$337
Cashflow
Cash Flow
$4,545 income − $4,882 expenses = $337 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%
$89,720
Closing costs
1%
$4,486
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,545
Total Expenses
$4,882
Mortgage P&I
53%
$2,404
Property Taxes
18%
$811
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500