This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $112k initial cash invested.
-7.12%
Cash On Cash
4.67%
Cap Rate
0.76
DSCR
$3,136
Rent
-$666
Cashflow
Cash Flow
$3,136 income − $3,802 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,136
Total Expenses
$3,802
Mortgage P&I
73%
$2,290
Property Taxes
9%
$290
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345