This property looks like a bad Mid-Term investment with a projected -0.56% first-year return on $112k initial cash invested.
-0.56%
Cash On Cash
6.47%
Cap Rate
1.05
DSCR
$4,245
Rent
-$52
Cashflow
Cash Flow
$4,245 income − $4,297 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,300
Closing costs
1%
$4,465
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$4,297
Mortgage P&I
54%
$2,290
Property Taxes
10%
$406
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467