This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $112k initial cash invested.
-5.99%
Cash On Cash
4.99%
Cap Rate
0.82
DSCR
$3,806
Rent
-$557
Cashflow
Cash Flow
$3,806 income − $4,363 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,100
Closing costs
1%
$4,455
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,806
Total Expenses
$4,363
Mortgage P&I
59%
$2,257
Property Taxes
17%
$641
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419