This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $111k initial cash invested.
-0.75%
Cash On Cash
6.39%
Cap Rate
1.05
DSCR
$4,602
Rent
-$70
Cashflow
Cash Flow
$4,602 income − $4,672 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$111k
Downpayment
20%
$88,860
Closing costs
1%
$4,443
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,602
Total Expenses
$4,672
Mortgage P&I
49%
$2,251
Property Taxes
15%
$698
Home Insurance
3%
$159
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506