This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $112k initial cash invested.
-4.86%
Cash On Cash
5.17%
Cap Rate
0.86
DSCR
$3,351
Rent
-$455
Cashflow
Cash Flow
$3,351 income − $3,806 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,351
Total Expenses
$3,806
Mortgage P&I
67%
$2,256
Property Taxes
8%
$253
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369