This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $112k initial cash invested.
-1.65%
Cash On Cash
6.22%
Cap Rate
1
DSCR
$3,798
Rent
-$154
Cashflow
Cash Flow
$3,798 income − $3,952 expenses = $154 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%
$89,592
Closing costs
1%
$4,480
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,798
Total Expenses
$3,952
Mortgage P&I
61%
$2,324
Property Taxes
5%
$179
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418