This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $112k initial cash invested.
-1.17%
Cash On Cash
6.31%
Cap Rate
1.02
DSCR
$4,113
Rent
-$109
Cashflow
Cash Flow
$4,113 income − $4,222 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,060
Closing costs
1%
$4,453
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,113
Total Expenses
$4,222
Mortgage P&I
56%
$2,285
Property Taxes
9%
$380
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$123
Maintenance
4%
$165
Other
11%
$452