This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $112k initial cash invested.
-0.78%
Cash On Cash
6.74%
Cap Rate
1.04
DSCR
$4,098
Rent
-$73
Cashflow
Cash Flow
$4,098 income − $4,171 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,600
Closing costs
1%
$4,480
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,098
Total Expenses
$4,171
Mortgage P&I
59%
$2,427
Property Taxes
5%
$189
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451