This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $112k initial cash invested.
-1.07%
Cash On Cash
6.53%
Cap Rate
1.03
DSCR
$3,992
Rent
-$100
Cashflow
Cash Flow
$3,992 income − $4,092 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,840
Closing costs
1%
$4,492
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,992
Total Expenses
$4,092
Mortgage P&I
60%
$2,383
Property Taxes
3%
$132
Home Insurance
4%
$161
HOA
1%
$58
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439