This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $112k initial cash invested.
-2.93%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$3,704
Rent
-$274
Cashflow
Cash Flow
$3,704 income − $3,978 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,704
Total Expenses
$3,978
Mortgage P&I
62%
$2,291
Property Taxes
7%
$272
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407