This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $112k initial cash invested.
-6.91%
Cash On Cash
4.69%
Cap Rate
0.77
DSCR
$2,931
Rent
-$642
Cashflow
Cash Flow
$2,931 income − $3,573 expenses = $642 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%
$89,100
Closing costs
1%
$4,455
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,931
Total Expenses
$3,573
Mortgage P&I
77%
$2,268
Property Taxes
5%
$153
Home Insurance
5%
$156
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322