This property looks like a bad Mid-Term investment with a projected -2% first-year return on $112k initial cash invested.
-2%
Cash On Cash
6.53%
Cap Rate
0.99
DSCR
$4,233
Rent
-$187
Cashflow
Cash Flow
$4,233 income − $4,420 expenses = $187 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,740
Closing costs
1%
$4,487
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,233
Total Expenses
$4,420
Mortgage P&I
58%
$2,459
Property Taxes
9%
$365
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466