This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $112k initial cash invested.
-7.14%
Cash On Cash
4.66%
Cap Rate
0.76
DSCR
$2,769
Rent
-$668
Cashflow
Cash Flow
$2,769 income − $3,437 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,769
Total Expenses
$3,437
Mortgage P&I
83%
$2,300
Property Taxes
1%
$38
Home Insurance
6%
$157
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305