This property looks like a bad Mid-Term investment with a projected -1.03% first-year return on $112k initial cash invested.
-1.03%
Cash On Cash
6.31%
Cap Rate
1.03
DSCR
$4,286
Rent
-$96
Cashflow
Cash Flow
$4,286 income − $4,382 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,140
Closing costs
1%
$4,457
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,286
Total Expenses
$4,382
Mortgage P&I
53%
$2,270
Property Taxes
12%
$498
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$129
Maintenance
4%
$171
Other
11%
$471