This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $112k initial cash invested.
-2.63%
Cash On Cash
5.95%
Cap Rate
0.97
DSCR
$4,668
Rent
-$246
Cashflow
Cash Flow
$4,668 income − $4,914 expenses = $246 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
$4,668
Total Expenses
$4,914
Mortgage P&I
49%
$2,286
Property Taxes
19%
$884
Home Insurance
3%
$157
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513