This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $112k initial cash invested.
-1.59%
Cash On Cash
6.25%
Cap Rate
1.02
DSCR
$4,923
Rent
-$149
Cashflow
Cash Flow
$4,923 income − $5,072 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,660
Closing costs
1%
$4,483
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,923
Total Expenses
$5,072
Mortgage P&I
46%
$2,286
Property Taxes
19%
$936
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$542