This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $112k initial cash invested.
-0.59%
Cash On Cash
6.95%
Cap Rate
1.05
DSCR
$4,496
Rent
-$55
Cashflow
Cash Flow
$4,496 income − $4,551 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,496
Total Expenses
$4,551
Mortgage P&I
55%
$2,474
Property Taxes
8%
$376
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495