This property looks like a bad Mid-Term investment with a projected -1.78% first-year return on $112k initial cash invested.
-1.78%
Cash On Cash
6.24%
Cap Rate
1
DSCR
$4,180
Rent
-$166
Cashflow
Cash Flow
$4,180 income − $4,346 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,240
Closing costs
1%
$4,462
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,180
Total Expenses
$4,346
Mortgage P&I
56%
$2,321
Property Taxes
11%
$446
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460