This property looks like a bad Mid-Term investment with a projected -5.97% first-year return on $112k initial cash invested.
-5.97%
Cash On Cash
5%
Cap Rate
0.82
DSCR
$3,783
Rent
-$559
Cashflow
Cash Flow
$3,783 income − $4,342 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,880
Closing costs
1%
$4,494
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,783
Total Expenses
$4,342
Mortgage P&I
60%
$2,280
Property Taxes
13%
$501
Home Insurance
4%
$158
HOA
3%
$118
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416