This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $112k initial cash invested.
-1.58%
Cash On Cash
6.34%
Cap Rate
1.01
DSCR
$4,414
Rent
-$148
Cashflow
Cash Flow
$4,414 income − $4,562 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,580
Closing costs
1%
$4,479
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,414
Total Expenses
$4,562
Mortgage P&I
53%
$2,339
Property Taxes
13%
$564
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$486