This property looks like a bad Mid-Term investment with a projected -1.73% first-year return on $112k initial cash invested.
-1.73%
Cash On Cash
6.58%
Cap Rate
1.01
DSCR
$4,719
Rent
-$162
Cashflow
Cash Flow
$4,719 income − $4,881 expenses = $162 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
$4,719
Total Expenses
$4,881
Mortgage P&I
52%
$2,435
Property Taxes
14%
$684
Home Insurance
3%
$157
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519