This property looks like a bad Mid-Term investment with a projected -0.81% first-year return on $112k initial cash invested.
-0.81%
Cash On Cash
6.43%
Cap Rate
1.03
DSCR
$3,795
Rent
-$76
Cashflow
Cash Flow
$3,795 income − $3,871 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,540
Closing costs
1%
$4,477
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$3,871
Mortgage P&I
61%
$2,323
Property Taxes
2%
$94
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417