This property looks like a bad Mid-Term investment with a projected -1.37% first-year return on $112k initial cash invested.
-1.37%
Cash On Cash
6.4%
Cap Rate
1.02
DSCR
$4,090
Rent
-$127
Cashflow
Cash Flow
$4,090 income − $4,217 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,120
Closing costs
1%
$4,456
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,090
Total Expenses
$4,217
Mortgage P&I
57%
$2,341
Property Taxes
8%
$328
Home Insurance
4%
$156
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450