This property looks like a bad Mid-Term investment with a projected -2.5% first-year return on $112k initial cash invested.
-2.5%
Cash On Cash
5.93%
Cap Rate
0.97
DSCR
$4,156
Rent
-$232
Cashflow
Cash Flow
$4,156 income − $4,388 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,120
Closing costs
1%
$4,456
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$4,388
Mortgage P&I
55%
$2,267
Property Taxes
13%
$550
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457