This property looks like a bad Mid-Term investment with a projected -1.45% first-year return on $112k initial cash invested.
-1.45%
Cash On Cash
6.21%
Cap Rate
1.01
DSCR
$4,122
Rent
-$135
Cashflow
Cash Flow
$4,122 income − $4,257 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,500
Closing costs
1%
$4,475
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,122
Total Expenses
$4,257
Mortgage P&I
55%
$2,284
Property Taxes
10%
$410
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453