This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $112k initial cash invested.
-2.05%
Cash On Cash
5.97%
Cap Rate
0.98
DSCR
$3,738
Rent
-$191
Cashflow
Cash Flow
$3,738 income − $3,929 expenses = $191 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
$3,738
Total Expenses
$3,929
Mortgage P&I
60%
$2,256
Property Taxes
6%
$241
Home Insurance
4%
$160
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411