This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $112k initial cash invested.
-0.92%
Cash On Cash
6.68%
Cap Rate
1.03
DSCR
$4,152
Rent
-$86
Cashflow
Cash Flow
$4,152 income − $4,238 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,740
Closing costs
1%
$4,487
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,152
Total Expenses
$4,238
Mortgage P&I
58%
$2,418
Property Taxes
6%
$256
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457