This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $112k initial cash invested.
-3.28%
Cash On Cash
5.92%
Cap Rate
0.95
DSCR
$4,558
Rent
-$307
Cashflow
Cash Flow
$4,558 income − $4,865 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,780
Closing costs
1%
$4,489
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,558
Total Expenses
$4,865
Mortgage P&I
51%
$2,339
Property Taxes
18%
$828
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501