This property looks like a bad Mid-Term investment with a projected -0.57% first-year return on $112k initial cash invested.
-0.57%
Cash On Cash
6.74%
Cap Rate
1.05
DSCR
$4,302
Rent
-$53
Cashflow
Cash Flow
$4,302 income − $4,355 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,780
Closing costs
1%
$4,489
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,302
Total Expenses
$4,355
Mortgage P&I
56%
$2,403
Property Taxes
8%
$336
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473