This property looks like a bad Mid-Term investment with a projected -2.01% first-year return on $112k initial cash invested.
-2.01%
Cash On Cash
6.52%
Cap Rate
1
DSCR
$4,610
Rent
-$188
Cashflow
Cash Flow
$4,610 income − $4,798 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,610
Total Expenses
$4,798
Mortgage P&I
53%
$2,445
Property Taxes
14%
$630
Home Insurance
3%
$157
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507