This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $112k initial cash invested.
-3.1%
Cash On Cash
6.09%
Cap Rate
0.94
DSCR
$3,825
Rent
-$290
Cashflow
Cash Flow
$3,825 income − $4,115 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,660
Closing costs
1%
$4,483
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,825
Total Expenses
$4,115
Mortgage P&I
63%
$2,412
Property Taxes
6%
$212
Home Insurance
4%
$157
HOA
1%
$33
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421