This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $112k initial cash invested.
-4.71%
Cash On Cash
5.6%
Cap Rate
0.89
DSCR
$4,305
Rent
-$441
Cashflow
Cash Flow
$4,305 income − $4,746 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,880
Closing costs
1%
$4,494
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,305
Total Expenses
$4,746
Mortgage P&I
55%
$2,367
Property Taxes
13%
$546
Home Insurance
4%
$161
HOA
5%
$208
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474