This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $112k initial cash invested.
-0.12%
Cash On Cash
6.94%
Cap Rate
1.07
DSCR
$4,326
Rent
-$11
Cashflow
Cash Flow
$4,326 income − $4,337 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,380
Closing costs
1%
$4,469
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,326
Total Expenses
$4,337
Mortgage P&I
56%
$2,421
Property Taxes
6%
$275
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476